Single-family housing authorizations increased by 1.21% year over year in May. However, the pace of year-over-year growth has slowed in recent months, in step with declining homebuilder sentiment, which fell eight points in May to the lowest reading since June 2020, according to the National Association of Home Builders. The sharp rise in mortgage rates …
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Maintenance volumes experienced the first, albeit slight, year-over-year decline for the first time since May 2020, when existing housing activity started to show signs of recovery following the onset of the COVID-19 pandemic. Following strong growth in 2020 and 2021, home renovation activity may begin to cool down in step with the broader housing market. …
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The January BuildFax Housing Health Report (BHHR) revealed healthy growth across new and existing housing activity. Single-family housing authorizations increased 6.03% year over year but decreased 0.41% month over month, remaining relatively flat. Existing housing activity, which encompasses maintenance and remodeling, which is a subset of maintenance that includes renovations, additions, and alterations, experienced moderate …
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