We recently published a study on remodeling from three unique perspectives: historical, national, and regional. The historical perspective is particularly compelling because it reveals a pronounced shift in investments after the housing crisis of 2008. The graph above shows residential new construction and existing structure construction spending throughout the course of the housing crisis. Notice …
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BuildFax recently published a study about neglected commercial spaces. We looked at the more than 5.2 million commercial properties in our database and took a representative sample, where we have more than 30 years of data coverage. We flagged these properties for permit activity in 10, 20, 30 and 30+ year time frames. The …
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We recently compared commercial new construction and commercial remodeling over the course of the Great Recession. Based on the findings of our residential study, we suspected there might also be a similar trend in commercial construction. The results from this new study illuminate some interesting findings, especially as they relate to commercial lines. Additions, remodels, and alterations …
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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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At BuildFax, we talk a lot about commercial properties. But our conversations typically focus on remodel rates by location or how much data we have – not how commercial carriers actually use BuildFax data. Here’s a peek behind the curtain – a collection of three stories from a few of our customer engagement managers. 1. Effective Year Built Commercial carriers …
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One of the first questions we usually get from insurance carriers is, “Do you have commercial property data?” The answer is yes! We have a ton of it. Here’s an infographic that breaks it all down. Check it out!
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A Couple of weeks ago we spoke with Sefton Patton about how the remodeling boom affects premium leakage. Check out our infographic on the topic!
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[infogram id=”_/igGPD475F8wS6rj2l5Gy” prefix=”kIi” format=”interactive” title=”Commercial Remodeling: Top 20 Cities”] Commercial Remodeling is on the Rise Remodels in the US are booming – and the trend isn’t just amongst residential properties. Commercial remodeling across the country increased by 7% between December 2014 and December 2015, and has increased 26% since 2013. Especially when compared to commercial new …
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