Even five months into the pandemic, many industries are still experiencing the effects of COVID-19. However, U.S. housing activity has notably pushed past the early turmoil it experienced. After several months of hesitation, housing indicators are beginning to show growth once again. Maintenance and remodeling activity—a subset of maintenance that includes renovations, additions, and alterations—increased …
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New and existing housing activity declined across the board in May. However, a trend is beginning to appear within the housing market, where other housing indicators—existing home sales, construction jobs, mortgage locks, homebuilder sentiment, and more—started seeing improvement this month. Maintenance and remodeling—a subset of maintenance that includes renovations, additions, and alterations—declined year over year …
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COVID-19 reached its peak in the United States last month and the housing market felt the strain of the pandemic. A record number of houses were pulled off the market, new construction slowed, and existing home sales decreased. Existing housing activity, which often sees a boost from property transactions, was no exception. Across the board, …
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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 December BuildFax Housing Health Report (BHHR) revealed another increase in year-over-year single-family housing authorizations, which grew 4.82% this month after climbing 7.09% in November. However, month over month, single-family housing authorizations declined 2.61%. After declining for a majority of 2019, the rolling three-month outlook rounded out the year on a positive note, increasing 5.77%. …
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The May BuildFax Housing Health Report (BHHR) revealed that even as economic pressures are easing on a national level, for instance moderating home prices and declining mortgage rates, the housing market is still in a slump. Year over year, single-family housing authorizations, maintenance and remodeling are down. However, BuildFax found that increases in city-level remodeling …
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The April BuildFax Housing Health Report (BHHR) revealed an increase in maintenance activity after five months of decreases, while single-family housing authorizations continued to decline. Maintenance activity increases are owed, in part, to severe convective storms across the U.S. With hurricane season on the horizon, BuildFax anticipates inclement weather to continue to impact maintenance volumes, …
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Each month, BuildFax releases its Housing Health Report (BHHR), which delivers a macro view of the economic trends affecting the U.S. housing market. This month’s report revealed a leveling off of seasonally adjusted, single-family housing authorizations, but a ramp-up in remodeling spend and maintenance activity. These factors suggest that while new construction is slowing, many …
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BuildFax has released its September 2018 BuildFax Housing Health Report (BHHR). Each month, BuildFax releases data on the health of the housing market just ahead of the U.S. Census Housing Report. The report delivers a macro view of the U.S. housing market, which looks at three key economic indicators: single-family housing authorizations, existing housing maintenance …
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BuildFax has released its August 2018 BuildFax Housing Health Report (BHHR). Each month, BuildFax releases data on the health of the housing market just ahead of the U.S. Census Housing Report. The report delivers a macro view of the U.S. housing market, which looks at three key economic indicators: single-family housing authorizations, existing housing maintenance …
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