It’s been more than eight years since the Great Recession in which both commercial and residential construction took a hit. The drastic drop happened quickly, but where is the market headed now, specifically for the commercial space? We recently compared commercial new construction and commercial remodels over the course of the Great Recession. Based on …
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We recently compared residential new construction and residential remodeling permit activity over the lifecycle of the recent housing crisis. We found that residential remodeling activity has surpassed its pre-housing crisis peaks while new construction has barely kept up. “Given that we are looking at more than a decade of data,” said Holly Tachovsky, CEO at BuildFax, …
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Policyholders forget to inform their carrier about a lot of property upgrades. But there’s one upgrade we’ve seen a massive uptick in over the last few years that you may not have thought of. Solar. This puts your policyholders at risk for being underinsured. Increased Exposure – Don’t Leave Your Policyholders Underinsured! These property …
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The BuildFax building permit database is huge. It’s massive. It’s gargantuan. In fact, it’s the largest of its kind. You can read all about it here, and check out the infographic below.
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What can you do with building permit data? Building permit data can reveal a wealth of information on a property. Because the permit process involves a series of inspections, just knowing that a building had a permit pulled in the last 12 months means an inspector was at the property, making sure the work done …
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[infogram id=”_/Y9dfSUbPD8EczEwjTjIR” prefix=”CkS” format=”interactive” title=”Solar Cities”] Solar Activity is Heating Up Twenty-five solar permits are filed every hour in the United States. By the time you’ve read this article, two more will have been pulled – one of which was probably in California. Solar activity across the nation increased by 29% between 2014 and 2015, …
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Introduction: BuildFax has seen a tremendous uptick in solar permit activity over the last few years, and often receives questions about it. We’ve asked an expert in the field, Jonathan Deesing, Home Solar Specialist at Solar Power Authority, to fill us in on some of the most important details. The future of home improvements and green living is pretty bright – thanks …
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An underserved market BuildFax property data has been utilized by the largest insurance carriers for years to mitigate risk and drive underwriting decisions. Many smaller carriers have expressed interest in this type of data but often worry about costs and implementation time. BuildFax is proud to offer a new solution that removes those common barriers …
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BuildFax works with many of the nation’s largest carriers to help better price, underwrite, and market to specific risks. Our unparalleled property insight comes straight from the source – our massive database containing over 23 billion data points of building and remodeling records. This article explores the various lifecycle stages of roofs in Florida and …
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There’s a lot of good risk in the US. Here’s an infographic to break it all down. If you have any questions, contact us today.
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