BuildFax Releases Monthly U.S. Housing Health Report, Reveals 10.75 Percent Increase in Housing Maintenance Spend
Summary
The data revealed a slight increase in the annual rate of single-family housing authorizations from July to August. The annual rate of remodeling—which includes renovations, alterations and additions to a structure—decreased 1.39 percent during the month of August, but remains at historic highs: “These trends suggest that we are still in a healthy housing market, but the rate of growth is slowing,” said BuildFax COO Jonathan Kanarek. From January to August of 2018, for example, remodel spend alone increased 5 percent compared to the same time period last year. We will continue to monitor these key indicators to determine if we are headed toward a general plateauing of the market.” For access to the full report, click here. BuildFax, headquartered in Austin, Texas, is trusted by the largest insurance and financial institutions in the world to deliver business-critical property condition and history data.