Each month, BuildFax releases its Housing Health Report, which leverages U.S. property condition and history data to deliver macro- and microeconomic trends affecting the U.S. housing market.
January findings revealed:
- Single-family housing authorizations saw year-over-year declines for a third consecutive month. This trend is particularly notable as continued declines of this indicator are historically correlated with economic recessions per recent BuildFax research.
- Maintenance activity decreased 6.47 percent year over year, an important consideration for insurance carriers as this may spur upticks in claims.
- Demolition activity saw positive upticks in just three states in 2018. It will be important to watch the progression of demolition projects if a slowdown is on the horizon.
How will the health of the housing market shift in 2019? Download the full report to learn more.