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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Despite a wavering economic recovery amid the persisting COVID-19 pandemic, housing activity enters 2021 on strong footing with increases across almost all indicators. Single-family housing authorizations increased year over year for the sixth consecutive month—a positive sign, given the severe U.S. housing shortage. Meanwhile, month-over-month activity remained relatively flat, decreasing just 0.36%. This is likely …
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Housing activity ended 2020 on a strong note with increases across almost all major indicators. New construction activity was a bright spot for the economy in 2020. Single-family housing authorizations increased 13.97% year over year and 3.21% month over month. The housing market, however, is still experiencing some growing pains with inventory hitting record lows …
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Housing activity remains strong in November, experiencing blanket growth across key indicators for the second time this year. Nine months into the pandemic, we’re seeing some clear trends emerging related to homeowner behavior. “Maintenance spend surged in November to the largest year-over-year increase we’ve ever seen,” said Jonathan Kanarek, managing director of BuildFax, a Verisk …
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Housing activity showed continued growth across almost all indicators in October. Single-family housing authorizations increased for the third consecutive month, though the pace of growth slowed from September. While record-low mortgage rates have propelled housing activity forward amid the COVID-19 pandemic, homebuyer demand may have peaked as mortgage applications remained relatively flat in October. Meanwhile, …
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The market experienced steady year-over-year growth across almost all housing indicators in September. Single-family housing authorizations were up for the second consecutive month, signaling strong demand and homebuilder confidence in the market. New construction grew alongside construction employment in the U.S. last month. However, construction employment remains well below levels seen in the months preceding …
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The February BuildFax Housing Health Report (BHHR), which delivers a comprehensive view of macro- and microeconomic trends affecting the U.S. housing market, revealed gaps between national and city-level trends. The February report confirmed the housing market slowdown persists amidst repeat declines in key housing indicators. However, on the metro-level, some cities are still experiencing steady …
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