In May, housing activity significantly increased, year over year, across all major indicators. Despite strong growth, intense housing supply shortages and sky-high prices still plague the market and pushed homebuyer sentiment to records lows in May. Although single-family housing authorizations are up 25.88%, year over year, housing starts are lagging new construction permits, prolonging inventory …
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Housing activity grew significantly across almost all major indicators in April, with single-family housing authorizations up 18.39%, year over year. In existing housing activity, drastic upswings in the month of April are relative to the drop in activity seen this time last year, when the market felt the first shocking impacts of COVID-19. The pandemic …
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Housing activity grew across all indicators in March with single-family housing authorizations, maintenance, and remodeling volumes increasing for the eighth consecutive month. March marked one year since the novel coronavirus was declared a national pandemic, which has drastically affected housing activity. Although the market showed the first signs of slowing this time last year, strong …
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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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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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Housing activity experienced notable growth in August, seemingly spurred along by historically low mortgage rates and increases in consumer demand driven by post-pandemic shifts in homebuying behaviors. In the new construction sphere, single-family housing authorizations increased, a sign that housing activity is advancing in the face of the pandemic. As builders work to close the …
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