The BuildFax Housing Health Report leverages U.S. property condition and history data to provide insights into macro- and microeconomic trends are affecting the U.S. housing market.
In April, maintenance activity saw a modest increase for the first time in five months. The increase, due in part to elevated repairs following convective storms and natural disasters, is a positive sign that the housing slowdown hasn’t halted recovery activity in disaster-prone states. Ahead of the 2019 hurricane season, BuildFax also analyzed recovery efforts in states impacted by 2018 hurricanes and factors that might influence prolonged recovery amidst a slowdown.
Key findings include:
- Single-family housing authorizations experienced the sixth month of declines, while maintenance activity saw its first increase since November 2018, likely spurred by elevated repairs following spring convective storms.
- Hurricane recovery persists in natural disaster-prone states. The overlapping storm recovery for Irma and Michael is important for insurance carriers to monitor before 2019’s hurricane season is in full swing.
- Five must-watch factors are likely to impact 2019 hurricane rebuilding timelines amidst a housing slowdown.
Download the report to learn more.