BuildFax Housing Health Report shows declining market in March
Just one indicator, year-over-year single-family housing authorizations, increased.
Today, BuildFax released the latest Housing Health Report for March - which leverages U.S property condition and history data to provide insights into macro – and microeconomics trends affecting the U.S. housing market. BuildFax research revealed that U.S housing activity gradually exposes the repercussions of the COVID-19 pandemic.
Additional findings are:
- Single-family housing authorizations decreased 2.70% from February to March 2020 – the second consecutive decline related to COVID-19 spread.
- Increases in single-family housing authorizations likely stem from early March, when a majority of COVID-19 regulations hadn’t yet taken effect.
- Maintenance and remodeling activity turned down sharply in March.
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. As a result, housing activity experienced declines across almost all major housing indicators. Just one indicator, year-over-year single-family housing authorizations, increased.
How is COVID-19 expected to affect housing activity in the United States ahead of spring homebuying season? Download the full report to learn more.
The BuildFax Housing Health Report leverages U.S. property condition and history data to provide insights into macro- and microeconomic trends affecting the U.S. housing market.
Learn more at www.buildfax.com
CONTRACTOR SUPPLY MAGAZINE
The April/May 2024 issue of Contractor Supply magazine is here!
This digital edition is sponsored by BECK AMERICA Inc.
Our cover story, Masters of Fasteners, visits Interstate Screw Corp. of metro Miami, which serves the fastening needs of south Florida, the Caribbean and Central and South America.
Also in this issue,our Industry Updates cover Adhesives, Tapes and Sealants, Anchoring Systems and Safety and PPE.
This digital edition is fully searchable and contains live links to every advertiser and new product listing. Click away!
