Blog

The Top States for Crowdsourced Architecture Design

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... Read More

These Are the Top 10 States for Abandoned Construction Projects

  Although abandoned construction projects are relatively uncommon, they are something that should be on your radar – especially as they impact your business. Abandoned construction projects can indicate a few things: The condition of the property doesn’t match its completed post-construction value/exposure Part of the project may not have been built to safety code which can put a... Read More

10 Top US States for Residential Remodel Spending

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... Read More

10 Top US States for Commercial Remodel Spending

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... Read More

BuildFax Has a New Office!

The BuildFax team in Austin has just moved into the historic Heierman building in downtown Austin, which will serve as BuildFax’s headquarters. BuildFax continues operations out of their Asheville, NC office which buzzes with passionate permit people from the operational, data production, and engineering departments. “Moving into a larger headquarters reflects the rapid growth BuildFax is experiencing,” said... Read More

This is How the New Norm in Remodeling Impacts Commercial Lines

  We recently compared commercial new construction and commercial remodeling over the course of the Great Recession. Based on the findings of our residential study, we suspected there might also be a similar trend in commercial construction. The results from this new study illuminate some interesting findings, especially as they relate to commercial lines. Additions, remodels, and alterations... Read More

Commercial Remodeling Vs. Commercial New Construction – Is There a New Norm?

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... Read More

How Manufacturers Can Make the Most of the New Norm in Residential Remodeling

  We recently compared residential new construction and residential remodeling permit activity over the lifecycle of the recent housing crisis. We found that residential remodeling activity has surpassed its pre-housing crisis peaks while new construction has barely kept up. “Given that we are looking at more than a decade of data,” said Holly Tachovsky, CEO at BuildFax,... Read More

BuildFax Kicks Off First Day of Fall with RiverLink Cleanup

  To kick off the first day of Fall, the crew at BuildFax held our second RiverLink cleanup project of the year. We got a lot done this round including finding an old tire and a bunch of scrap metal.   The effort is part of the DMGT Green Year which BuildFax is participating in with pride and... Read More

Hidden Insurance Opportunities in New Remodeling Numbers Exposed

Recently on a hunch, we compared residential new construction and residential remodeling construction numbers over the lifecycle of the recent housing crisis. We suspected a lingering inequality trend between the two, and we found some pretty staggering results. For our study, we looked at just over thirty-seven million residential properties.     The hunch proved... Read More