BuildFax March Housing Health Report Reveals U.S. Housing Slump Persists
Despite this downward trend, homebuying and hail recovery activity may encourage a slight uptick across housing indicators in the coming months
AUSTIN, Texas--(BUSINESS WIRE)--The BuildFax Housing Health Report revealed the fifth consecutive month of decreases across single-family housing authorizations, maintenance and remodel volumes on a national level in March 2019. However, heading into spring home buying season, steady interest rate activity could buoy the housing market over the next quarter. The report, which leverages U.S. property condition and history data to deliver macro- and microeconomic trends, also explored the projected impacts of hail season on the housing stock.
“The downward trend in housing activity has led to increased focus on the sector,” said BuildFax COO Jonathan Kanarek. “In March, the Fed signaled no additional rate increases in 2019, which could boost investment in the housing market. The announcement is good news for consumers heading into the spring homebuying season. We may see some relief across maintenance and remodeling indicators, as home sales typically facilitate investment into the existing housing stock.”