The BuildFax Housing Health Report provides monthly insight into the health of the U.S. housing market with a particular focus on single-family housing authorizations and existing housing maintenance trends.
Single-family housing authorizations decreased 7.21% month over month, signaling potential COVID-19 concerns. However, maintenance and remodeling activity remained strong in February, increasing across all indices.
Housing activity enters 2020 on a strong note with increases across almost all major indicators.
The trailing three-month outlook (October to December 2019) grew 5.77%. Additionally, for a majority of the past decade, as domestic migration decreased, maintenance increased.
Increases in single-family housing authorizations reach new highs in November. The probability of a recession dropped to 42% in November from nearly 50% earlier in the year.
Single-family housing authorizations increase year over year for the first time in more than a year. California housing activity experiences notable growth in wildfire-impacted regions.
Single-family housing authorizations increased 3.57% month over month. On the metro level, New York City, Philadelphia, and Washington D.C. lead housing activity.
Single-family housing authorizations declined for the third straight quarter while maintenance and remodeling volumes experienced a slow rise after six months of decreasing activity.