New and existing housing activity experienced healthy year-over-year growth in July, yet the pace of growth has slowed in recent months, indicating that the market is stabilizing. This time last year, housing activity showed the first signs of growth following the initial shocks of the COVID-19 pandemic. While housing activity has continued its upward trajectory …
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Housing activity grew across all major indicators in June. However, the rate of growth has slowed from the prior month. Single-family housing authorizations increased 20.95% year over year, but decreased month over month for a third consecutive month, down 2.99%. Existing housing activity also increased year over year but growth decelerated from May, potentially driven …
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Inspectors across the country use BuildFax to understand the permit history and condition of residential and commercial structures. BuildFax provides property condition insights at the individual address level in an expansive, easy-to-read property history report. BuildFax helps you: Know Before You Go: Access permitted construction documentation so that you know more about a property going …
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In May, single-family housing authorizations grew 25.88% year over year. However, housing starts have lagged permit volumes, which has slowed growing the housing stock. Prolonged inventory shortages and sky-high home prices have pushed homebuyer sentiment to record lows. Meanwhile, remodeling activity grew across most major metros, with Philadelphia and Chicago experiencing the most substantial growth …
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The housing market strongly grew across almost all major indicators in April, with maintenance and remodeling activity skyrocketing relative to steep declines in activity experienced this time last year. Both new and existing housing activity have increased for nine consecutive months, which has helped create the dwindling buildings materials supply that may dampen future market …
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One year since the novel coronavirus was declared a national pandemic, upward trends across new and existing housing activity reinforce that the U.S. housing market is beyond recovering to its pre-pandemic pace. This month’s BuildFax Housing Health Report explores housing trends over the past year to understand how the pandemic has affected housing activity during …
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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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Nearly a year following the COVID-19 pandemic, housing activity continues to experience notable growth. Exterior home renovations are, in part, what’s driving increases in maintenance and remodeling, including secondary structures, solar panels, decking, and pools. As Americans continue to spend significantly more time at home, homeowners have turned to improving or expanding their livable space …
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January marked the sixth month of year-over-year increases in new and existing housing supply, entering the new year on strong footing. However, even with increasing new construction, the United States is still in the midst of a severe housing shortage—driving homeowners to invest in their existing properties rather than to re-enter the competitive housing market. …
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Housing activity was a bright spot for the economy in 2020, ending the year with increases across almost all major indicators in December. However, indicators suggest that there is still pent-up demand for inventory, which is expected to see some improvement in 2021 due in part to increased new construction and sellers growing more comfortable …
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