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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We recently compared residential new construction and residential remodeling permit activity over the lifecycle of the recent housing crisis. We found that residential remodeling activity has surpassed its pre-housing crisis peaks while new construction has barely kept up. “Given that we are looking at more than a decade of data,” said Holly Tachovsky, CEO at BuildFax, …
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Recently on a hunch, we compared residential new construction and residential remodeling construction numbers over the lifecycle of the recent housing crisis. We suspected a lingering inequality trend between the two, and we found some pretty staggering results. For our study, we looked at just over thirty-seven million residential properties. The hunch proved …
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The BuildFax building permit database is huge. It’s massive. It’s gargantuan. In fact, it’s the largest of its kind. You can read all about it here, and check out the infographic below.
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What can you do with building permit data? Building permit data can reveal a wealth of information on a property. Because the permit process involves a series of inspections, just knowing that a building had a permit pulled in the last 12 months means an inspector was at the property, making sure the work done …
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An underserved market BuildFax property data has been utilized by the largest insurance carriers for years to mitigate risk and drive underwriting decisions. Many smaller carriers have expressed interest in this type of data but often worry about costs and implementation time. BuildFax is proud to offer a new solution that removes those common barriers …
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BuildFax works with many of the nation’s largest carriers to help better price, underwrite, and market to specific risks. Our unparalleled property insight comes straight from the source – our massive database containing over 23 billion data points of building and remodeling records. This article explores the various lifecycle stages of roofs in Florida and …
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There’s a lot of good risk in the US. Here’s an infographic to break it all down. If you have any questions, contact us today.
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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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