The BuildFax Housing Health Report leverages U.S. property condition and history data to provide insights into macro- and microeconomic trends affecting the U.S. housing market. In December, BuildFax analysis revealed the correlation between U.S. domestic migration and maintenance activity.
Existing maintenance activity rose substantially in December, as declines in migration rounded out 2019. This may be a result of homeowners feeling locked into their existing property. With interest rates low and the economy seeing strong growth, homeowners are facing increased competition in the housing market, especially as the housing stock dwindles. Consequently, instead of making a new home purchase, homeowners could be investing more in their existing property.
Is there a relationship between declines in U.S. domestic migration and maintenance trends over the past decade?
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