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.
Housing activity continued to show signs of stabilizing as the pace of growth slowed across key indicators in August.
New and existing housing activity experienced healthy year-over-year growth in July, yet the pace of growth has slowed in recent months.
After several months of significant growth in 2021, the housing market showed signs of cooling off in June as the pace of growth slowed across major indicators.
Remodeling activity increased, year over year, across most major metro areas, most significantly in Philadelphia and Chicago.
New and existing housing activity increased for the ninth consecutive month in April, however, the building materials shortage may threaten the pace of growth.
The U.S. housing market has recovered beyond its pre-pandemic pace since showing first signs of a slowdown one year prior.
Exterior home renovations have increased to accommodate new lifestyle norms brought on by the COVID-19 pandemic.