COVID-19 Impact on Housing Activity

As the COVID-19 outbreak continues to evolve, BuildFax is monitoring the situation closely to help you navigate the impact to the U.S. housing market. We’ll provide insights on housing activity, economic impact, and risk as it relates to the coronavirus pandemic.

COVID-19 Impact on Housing Activity

At the onset of the pandemic, maintenance and remodeling activity plunged as COVID-19 cases spread in the U.S. However, housing activity has notably pushed past the early turmoil it experienced. After several months of hesitation, housing indicators continue to show healthy growth and remain strong in October.

PERMITTED CONSTRUCTION ACTIVITY BY COUNTY, OCTOBER 2020 YOY

Permitted Construction Activity by County, October 2020 YoY

The map below shows the known locations of coronavirus cases by county based on data published by The New York Times.

COVID-19 CASES BY COUNTY, OCTOBER 2020

November 17, 2020 2020Buildfax Housing Health ReportCOVID-19Housing Analysis

Housing activity growth continues but may slow

Housing activity showed continued growth in October. Single-family housing authorizations increased, though the pace of growth slowed from September. Activity may slow in the...

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November 17, 2020 2020Buildfax Housing Health ReportCOVID-19Housing Analysis

Housing activity growth continues but may slow

Housing activity showed continued growth in October. Single-family housing authorizations increased, though the pace of growth slowed from September. Activity may slow in the...

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Report
October 19, 2020 2020Buildfax Housing Health ReportCOVID-19Housing Analysis

Housing activity grows at a steady pace heading into fall

In September 2020, housing activity continued to climb, driven in part by a deferred spring homebuying season and strong homebuyer demand. Existing housing activity...

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October 19, 2020 2020Buildfax Housing Health ReportCOVID-19Housing Analysis

Housing activity grows at a steady pace heading into fall

In September 2020, housing activity continued to climb, driven in part by a deferred spring homebuying season and strong homebuyer demand. Existing housing activity...

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Report
September 16, 2020 2020Buildfax Housing Health ReportCOVID-19Housing Analysis

Housing activity experiences blanket increases for the first time since November

In August 2020, housing activity experienced blanket increases for the first time since November, driven by consumer demand for both new construction and a...

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September 16, 2020 2020Buildfax Housing Health ReportCOVID-19Housing Analysis

Housing activity experiences blanket increases for the first time since November

In August 2020, housing activity experienced blanket increases for the first time since November, driven by consumer demand for both new construction and a...

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Report
August 17, 2020 2020Buildfax Housing Health ReportCOVID-19Housing Analysis

Housing activity advances in the face of the ongoing pandemic

Existing housing activity experienced notable growth in July, after experiencing its steepest declines in recent history just three months prior. Meanwhile, new construction increased...

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August 17, 2020 2020Buildfax Housing Health ReportCOVID-19Housing Analysis

Housing activity advances in the face of the ongoing pandemic

Existing housing activity experienced notable growth in July, after experiencing its steepest declines in recent history just three months prior. Meanwhile, new construction increased...

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Report
July 16, 2020 2020Buildfax Housing Health ReportCOVID-19Housing Analysis

Single-family housing authorizations sink, but existing housing activity may be stabilizing

Housing activity, across a majority of indicators, fell in June, however the data tells a more nuanced story. The number of single-family housing authorizations...

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July 16, 2020 2020Buildfax Housing Health ReportCOVID-19Housing Analysis

Single-family housing authorizations sink, but existing housing activity may be stabilizing

Housing activity, across a majority of indicators, fell in June, however the data tells a more nuanced story. The number of single-family housing authorizations...

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Report
June 16, 2020 2020Buildfax Housing Health ReportCOVID-19Housing Analysis

Housing activity declines across the board, but a rebound may be imminent

New and existing housing activity fell, yet again, in May. However, other housing indicators—including existing home sales, construction jobs, mortgage locks, homebuilder sentiment, and...

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June 16, 2020 2020Buildfax Housing Health ReportCOVID-19Housing Analysis

Housing activity declines across the board, but a rebound may be imminent

New and existing housing activity fell, yet again, in May. However, other housing indicators—including existing home sales, construction jobs, mortgage locks, homebuilder sentiment, and...

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Report
May 18, 2020 2020Buildfax Housing Health ReportCOVID-19Housing Analysis

Maintenance and remodel activity sink as the pandemic worsens

COVID-19 peaked in the United States in April and the housing market felt the strain of the pandemic. A record number of houses were...

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May 18, 2020 2020Buildfax Housing Health ReportCOVID-19Housing Analysis

Maintenance and remodel activity sink as the pandemic worsens

COVID-19 peaked in the United States in April and the housing market felt the strain of the pandemic. A record number of houses were...

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Report
April 15, 2020 2020Buildfax Housing Health ReportCOVID-19Housing Analysis

As COVID-19 outbreak spreads in the U.S., housing activity slides

March was a turning point for the United States as, state by state, the COVID-19 outbreak led to shelter-in-place orders across the nation. As...

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April 15, 2020 2020Buildfax Housing Health ReportCOVID-19Housing Analysis

As COVID-19 outbreak spreads in the U.S., housing activity slides

March was a turning point for the United States as, state by state, the COVID-19 outbreak led to shelter-in-place orders across the nation. As...

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Report
March 17, 2020 2020Buildfax Housing Health ReportCOVID-19Housing Analysis

Housing activity remains strong amidst COVID-19 outbreak

In February, housing activity increased at the national level despite COVID-19 concerns. while single-family housing authorizations increased modestly year over year, existing housing activity...

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Report
March 17, 2020 2020Buildfax Housing Health ReportCOVID-19Housing Analysis

Housing activity remains strong amidst COVID-19 outbreak

In February, housing activity increased at the national level despite COVID-19 concerns. while single-family housing authorizations increased modestly year over year, existing housing activity...

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Report

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