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.
New and existing housing activity declined across the board in May. However, a trend is beginning to appear within the housing market, where other housing indicators—home sales, construction jobs, and more—started seeing improvement this month.
New and existing housing activity declined across the board in May, but a rebound may be imminent as other indicators, like construction hiring, see improvement.
COVID-19 reached its peak in the United States last month and the housing market felt the strain of the pandemic. Existing housing activity was no exception.
Maintenance and remodeling activity turned down sharply in March, as the COVID-19 outbreak led to shelter-in-place orders across the nation.
Single-family housing authorizations decreased 7.21% month over month, signaling potential COVID-19 concerns. Meanwhile, the trailing three-month outlook rose 7.42%.
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.