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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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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March was a turning point for the United States as, state by state, the COVID-19 outbreak led to shelter-in-place orders across the nation. In fact, according to The New York Times, by the end of March, more than 80% of the population across 32 states had been urged to shelter-in-place.[i] As a result, while some …
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The U.S. stock market and broader economy has started to decline reportedly amidst concerns that COVID-19, a new, contagious virus, has become an increasing concern across the United States. However, the February BuildFax Housing Health Report (BHHR) revealed that housing activity has continued to grow. Single-family housing authorizations increased modestly year-over-year. Meanwhile, existing housing activity, …
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