May 7, 2018
Last week, our very own CEO Holly Tachovsky took the stage at the RESO (Real Estate Standards Organization) Tech Summit to discuss the ever-evolving landscape of real estate and property data. If there is one universal theme from the summit, it’s that the need for data standardization is critical. Globally, estimates suggest the value of...
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February 6, 2018
This post was written and contributed by Valerie Archer, BuildFax’s Market Development Director. The fear of missing out is a common phenomenon that may result in regret, doubt, or even misinformation – whether it’s buying a popular crypto currency or joining a new subscription service. In the real estate industry, this experience is increasingly...
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July 11, 2017
We recently published a study on remodeling from three unique perspectives: historical, national, and regional. The historical perspective is particularly compelling because it reveals a pronounced shift in investments after the housing crisis of 2008. The graph above shows residential new construction and existing structure construction spending throughout the course of the housing crisis. Notice...
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May 3, 2017
Could examining abandonment trends over the course of an economic downturn uncover a possible connection to the housing crisis, or even reveal a new leading indicator? And what about the rise in construction we are seeing now – is there a recurrence of abandoned projects in the current economy (or on the horizon)? These...
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April 20, 2017
BuildFax property insights were recently published in The Wall Street Journal in their article on high-end renovations: Where High-End Renovations Cost $704,000. Houston was the number one city for high-end renovations, with a median spend of $704,000. Boston came in at number two with a median budget of $528,000. Pittsburgh was third, with $385,000. Newark, Jersey...
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March 7, 2017
BuildFax recently published a study about neglected commercial spaces. We looked at the more than 5.2 million commercial properties in our database and took a representative sample, where we have more than 30 years of data coverage. We flagged these properties for permit activity in 10, 20, 30 and 30+ year time frames. The...
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February 9, 2017
This article was written and contributed by our friends at Arcbazar. With the increase in remodeling quickly becoming the new norm, the industry is ripe for innovative startups like Arcbazar whose platform caters to the constantly evolving behaviors of homeowners. We live in the times of sharing economy. From Uber and Lyft to Airbnb to Upwork – the...
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January 24, 2017
There’s been a huge uptick in residential remodeling in the last several years. In some states, homeowners are investing more on average than others. To find out which states are spending the most, BuildFax analyzed the more than 80 million residential properties in our database to determine the average remodeling job cost per state in 2016 (for recorded job...
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January 13, 2017
Commercial remodeling is booming across the US, and some states are spending more than others. To find out which states are spending the most, BuildFax analyzed the more than 5.2 million commercial properties in our database to determine the average remodeling job cost per state in 2016. Louisiana...
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November 3, 2016
It’s been more than eight years since the Great Recession in which both commercial and residential construction took a hit. The drastic drop happened quickly, but where is the market headed now, specifically for the commercial space? We recently compared commercial new construction and commercial remodels over the course of the Great Recession. Based on...
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