BuildFax Housing Health Report, October 2018

BuildFax Housing Health Report, October 2018

Each month, BuildFax releases its Housing Health Report, which leverages U.S. property condition and history data to deliver macroeconomic as well as more granular trends affecting the U.S. housing market.

Key highlights from the October report include:

  • New construction is slowing but reinvestment into existing housing stock is trending.
  • Florida maintenance activity is down year over year, a lasting effect of Hurricane Irma.
  • The development of accessory dwelling units (ADUs) are on the upswing, particularly in California

Download the full report to learn more.

"Home prices are outpacing wage growth substantially. These affordability concerns are compounded by mounting mortgage rates and rising construction costs. As a result, homeowners, unable to re-enter the housing market, are reinvesting in their existing properties. The increase in remodel spend suggests the scope of these projects has risen, despite seeing a dip in remodel volume. Homeowners may feel unprepared to enter the housing market, but they are making larger investments in the health of their existing property."

Holly Tachovsky, CEO, BuildFax