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 enters 2021 on strong footing with increases across almost all indicators.
Housing activity was a bright spot for the economy in 2020 with growth likely to continue into 2021 to help curb the persisting housing shortage.
Maintenance spend skyrocketed in November likely driven, in part, by rising costs of building materials and strong remodeler demand.
Housing activity remains strong in October, but may slow in the coming months as the housing market reacts to conflicting signals from the COVID-19 vaccine news.
In September, housing activity continued to climb, driven, in part, by a deferred spring homebuying season and strong homebuyer demand.
Housing activity increased across the board in August. Notably, pool construction increased to unprecedented levels in the months following the COVID-19 outbreak, an indication of increased investment in the existing housing stock.
Existing housing activity experienced notable growth in July, after experiencing its steepest declines in recent history just three months prior. Meanwhile, new construction increased month over month, but declined year over year.