Posted January 20, 2021

BuildFax: U.S. housing ends 2020 on a high note 

BuildFax Housing Health Report closes out 2020 with construction activity increases nearly across the board. 

Housing activity was a bright spot for the economy in 2020, ending the year with increases across almost all major indicators in December.

However, indicators suggest that there is still pent-up demand for inventory, which is expected to see some improvement in 2021 due in part to increased new construction and sellers growing more comfortable as a COVID-19 vaccine becomes widely available.

Key findings from December’s report include:

  • Single-family housing authorizations increased 13.97% year over year in December.
  • Maintenance volume and spend increased 10.07% and 22.75% year over year, respectively.
  • Remodel volume – a subset of maintenance that includes renovations, additions, and alterations –increased 12.93% year over year, while spend decreased 2.43%.

For the latest insights on U.S. housing activity and what to expect in 2021, download the full report.

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.

Click here to download the full report (registration required).