BuildFax April Housing Health Report Uncovers Rising Maintenance Construction amidst Slowdown
Natural disasters contribute to elevated maintenance activity, despite housing slowdown.
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20190515005224/en/
Existing maintenance and remodel volume (Graphic: Business Wire)
Housing Supply by Volume
- Single-family housing authorizations decreased by 8.23% year over year.
- Existing housing maintenance volume increased by 2.45% year over year.
- Existing housing remodel volume decreased by 0.95% year over year.
“Declines in single-family housing authorizations and maintenance activity have moved in unison for five months,” said BuildFax CEO
Housing Slowdown Hasn’t Halted Hurricane Recovery
States impacted by the 2018 hurricane season are still experiencing the tail end of rebuilding activity.
The report also revealed five key factors that may affect 2019 hurricane recovery. According to a recent analysis of 11 major hurricanes between 2000 and 2018, the average recovery period is 10.7 months. Amidst the housing slowdown and with another potentially active hurricane season on the horizon, it’s more important now than in years prior to monitor recovery and its impact on the health of the
For more trends affecting the
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METHODOLOGY: BuildFax conducted this study by examining properties in the
View source version on businesswire.com: https://www.businesswire.com/news/home/20190515005224/en/
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Source: BuildFax
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