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Posted on Jun 18 2019
Type Blog

The May BuildFax Housing Health Report (BHHR) revealed that even as economic pressures are easing on a national level, for instance moderating home prices and declining mortgage rates, the housing market is still in a slump. Year over year, single-family housing authorizations, maintenance and remodeling are down. However, BuildFax found that increases in city-level remodeling … Continued

Posted on Jun 4 2019
Type Blog

Storm activity during the 2019 hurricane season is forecasted to produce between two and four major hurricanes with winds higher than 111 mph, according to the National Oceanic and Atmospheric Administration (NOAA). The NOAA defines this level of hurricane activity as normal for the season. However, recent trends in weather activity and the impacts of … Continued

Posted on May 15 2019
Type Blog

The April BuildFax Housing Health Report (BHHR) revealed an increase in maintenance activity after five months of decreases, while single-family housing authorizations continued to decline.  Maintenance activity increases are owed, in part, to severe convective storms across the U.S. With hurricane season on the horizon, BuildFax anticipates inclement weather to continue to impact maintenance volumes, … Continued

Posted on May 14 2019
Type Blog

Catastrophe reinsurance rate increases didn’t come to fruition in 2018, however, this year Florida reinsurers are expecting a shift in the market. Analysts reported catastrophe reinsurers have added inflation factors into their pricing following two years of impactful hurricane seasons and external pressures from increasing loss creep. The effect of loss creep was made particularly … Continued

Posted on May 3 2019
Type Blog

It’s been six months since Hurricane Michael first made landfall on the Florida Panhandle and hurricane recovery is progressing at a steady rate – major repair completion is projected to be three months away. However, discussion of Michael has resurfaced as officials credit a recent uptick in wildfire activity to hurricane-downed trees strewn across the … Continued

Posted on May 3 2019
Type Blog

Hail season has commenced, and the Midwest and Texas are already seeing a steady rise in storm activity. Forecasts indicate this region will see continued convective storms in the coming months, spiking insured losses across the region. Following several years of severe weather, carriers that closely monitor recovery activity will have the upper hand in … Continued

Posted on Apr 18 2019
Type Blog

The March BuildFax Housing Health Report (BHHR) revealed the fifth consecutive month of declines across national housing indicator. However, the report also identified a few factors that may contribute to a rise in housing maintenance over the next few months. Chief among them are spring home buying season and increased hail activity. Over the past … Continued

Posted on Apr 1 2019
Type Blog

Housing Wire’s 6th annual Tech100 awards recognized BuildFax as one of the most cutting-edge tech companies in the housing sector. This marks the second year BuildFax has made the list. BuildFax first made the list in 2017. Since then, the company has almost doubled in size and grown at double-digit CAGR – a true testament … Continued