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 and continues to show healthy growth.

PERMITTED CONSTRUCTION ACTIVITY BY COUNTY, JUNE 2021 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, JUNE 2021

July 19, 2021 2021Buildfax Housing Health ReportCOVID-19Housing Analysis

Housing market growth decelerates, indicating potential slowdown

Housing activity grew across all major indicators in June. However, the rate of growth has slowed from the prior month. Single-family housing authorizations increased...

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July 19, 2021 2021Buildfax Housing Health ReportCOVID-19Housing Analysis

Housing market growth decelerates, indicating potential slowdown

Housing activity grew across all major indicators in June. However, the rate of growth has slowed from the prior month. Single-family housing authorizations increased...

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Report
June 15, 2021 2021Buildfax Housing Health ReportCOVID-19Housing Analysis

Remodeling rises in major metros as homebuyer sentiment drops

In May, single-family housing authorizations grew 25.88% year over year. However, housing starts have lagged permit volumes, which has slowed growing the housing stock....

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June 15, 2021 2021Buildfax Housing Health ReportCOVID-19Housing Analysis

Remodeling rises in major metros as homebuyer sentiment drops

In May, single-family housing authorizations grew 25.88% year over year. However, housing starts have lagged permit volumes, which has slowed growing the housing stock....

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May 17, 2021 2021Buildfax Housing Health ReportCOVID-19Housing Analysis

Housing market rallies as materials shortages intensify

The housing market strongly grew across almost all major indicators in April, with maintenance and remodeling activity skyrocketing relative to steep declines in activity...

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May 17, 2021 2021Buildfax Housing Health ReportCOVID-19Housing Analysis

Housing market rallies as materials shortages intensify

The housing market strongly grew across almost all major indicators in April, with maintenance and remodeling activity skyrocketing relative to steep declines in activity...

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April 15, 2021 2021Buildfax Housing Health ReportCOVID-19Housing Analysis

Housing hot streak continues one year into pandemic

One year since the novel coronavirus was declared a national pandemic, upward trends across new and existing housing activity reinforce that the U.S. housing...

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April 15, 2021 2021Buildfax Housing Health ReportCOVID-19Housing Analysis

Housing hot streak continues one year into pandemic

One year since the novel coronavirus was declared a national pandemic, upward trends across new and existing housing activity reinforce that the U.S. housing...

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March 16, 2021 2021Buildfax Housing Health ReportCOVID-19Housing Analysis

Exterior home renovations climb amid the pandemic

Nearly a year following the COVID-19 pandemic, housing activity continues to experience notable growth. Exterior home renovations are, in part, what’s driving increases in...

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March 16, 2021 2021Buildfax Housing Health ReportCOVID-19Housing Analysis

Exterior home renovations climb amid the pandemic

Nearly a year following the COVID-19 pandemic, housing activity continues to experience notable growth. Exterior home renovations are, in part, what’s driving increases in...

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February 17, 2021 2021Buildfax Housing Health ReportCOVID-19Housing Analysis

Housing activity enters new year on strong footing

January marked the sixth month of year-over-year increases in new and existing housing supply, entering the new year on strong footing. However, even with...

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February 17, 2021 2021Buildfax Housing Health ReportCOVID-19Housing Analysis

Housing activity enters new year on strong footing

January marked the sixth month of year-over-year increases in new and existing housing supply, entering the new year on strong footing. However, even with...

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January 20, 2021 2020Buildfax Housing Health ReportCOVID-19Housing Analysis

2020 ends on a high note for housing activity

Housing activity was a bright spot for the economy in 2020, ending the year with increases across almost all major indicators in December. However,...

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January 20, 2021 2020Buildfax Housing Health ReportCOVID-19Housing Analysis

2020 ends on a high note for housing activity

Housing activity was a bright spot for the economy in 2020, ending the year with increases across almost all major indicators in December. However,...

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

Maintenance spend soars due to strong remodeler demand

Housing activity experienced blanket growth across key indicators for the second time this year. Maintenance spend skyrocketed in November likely driven, in part, by...

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

Maintenance spend soars due to strong remodeler demand

Housing activity experienced blanket growth across key indicators for the second time this year. Maintenance spend skyrocketed in November likely driven, in part, by...

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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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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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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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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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