Posted April 19, 2021

BuildFax March Housing Health Report shows housing and renovation activity charging forward

Single-family housing authorizations increased 13.52% year-over-year in March.

the BuildFax Monthly Housing Health Report for March. BuildFax, a Verisk (Nasdaq: VRSK) business, leverages U.S property condition and historic data to provide key insights about the U.S. housing market to compile the monthly report. Key findings from March’s report include:

  • Single-family housing authorizations increased 13.52% year over year in March.
  • Maintenance volume and spend increased 29.93% and 44.92% year over year in February, respectively.
  • Remodels – a subset of maintenance than includes renovations, additions, and alterations – experienced year-over-year increases across volume and spend at 33.81% and 41.29%, respectively.

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