As we approached the one-year anniversary of the onset of the COVID-19 pandemic, housing activity continued to experience notable growth. In our latest webinar, Director of Business Development Christopher Schaum explores the intersection of COVID-19 and the housing market, and how the pandemic continues to reshape homeowner behaviors. For more insight on the U.S. housing …
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As we approached a year since the outbreak of COVID-19, housing activity continued to experience notable growth with increases across key indicators in February. New and Existing Housing Supply Activity, February 2021 Single-family housing authorizations increased 9.08% year over year. Existing housing maintenance volume increased 7.46% year over year. Existing housing remodel volume increased 6.73% …
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Housing affordability issues plaguing the U.S. have reached recent highs this year. In July, reports surfaced that purchasing a home in the U.S. is less affordable than it has been in decades. Not only have home prices skyrocketed, but average wage earners are needing to spend more than 30 percent of their income (historical average …
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Each month, BuildFax releases its Housing Health Report (BHHR), which delivers a macro view of the economic trends affecting the U.S. housing market. This month’s report revealed a leveling off of seasonally adjusted, single-family housing authorizations, but a ramp-up in remodeling spend and maintenance activity. These factors suggest that while new construction is slowing, many …
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