{"id":1312,"date":"2018-11-19T20:25:00","date_gmt":"2018-11-19T20:25:00","guid":{"rendered":"https:\/\/www.realtrends.com\/blog\/2018\/11\/19\/buildfax-new-construction-remodeling\/"},"modified":"2025-03-13T02:20:37","modified_gmt":"2025-03-13T02:20:37","slug":"buildfax-new-construction-remodeling","status":"publish","type":"post","link":"https:\/\/www.realtrends.com\/blog\/2018\/11\/19\/buildfax-new-construction-remodeling\/","title":{"rendered":"BuildFax: New Construction Is Flat, But Remodeling On Rise"},"content":{"rendered":"<h2>Buildfax: New Construction Is Flat, But Remodeling On Rise<\/h2>\n<h6><em>Authorizations for new single-family homes were flat, but spending for home maintenance edged up in October, according to BuildFax, a provider of property condition and history insights. <\/em><\/h6>\n<p>BuildFax noted in its report that maintenance activity is a critical indicator of economic health, particularly as the U.S. housing stock ages.<\/p>\n<p><!--more--><\/p>\n<p><strong>The November Housing Health Report was based on October data. Key insights include:<\/strong><\/p>\n<ul>\n<li><strong>New construction is slowing, but reinvestment into existing housing stock is trending.&nbsp;<\/strong><a href=\"single-family-housing-starts-bounce-back-in-june\/\">Single-family housing<\/a> authorizations decreased from September to October 2018 by 3.08 percent. However, a 4.21 percent increase in year-over-year remodeling activity, and a 0.41 percent increase in year-over-year maintenance activity.<\/li>\n<li><strong>Florida maintenance activity is down year over year, a lasting effect of Hurricane Irma.&nbsp;<\/strong>Florida\u2019s year-over-year maintenance activity is down 7.83 percent even as it maintains a top spot on volume and per capita rankings in the U.S. The decline is caused in part by Hurricane Irma, which inflated maintenance volume statewide in the months after September 2017.<\/li>\n<li><strong>Accessory Dwelling Units (ADUs) are on the upswing, particularly in California and Oregon.&nbsp;<\/strong>As cities increase in density and home prices continue to rise, ADUs are a popular and affordable option for many people to host family members or renters.&nbsp;<u>California saw a 53.7 percent climb in ADU building permits in 2018<\/u> so far (compared to Jan.-Oct. 2017), and Oregon is up 25.9 percent. Washington isn\u2019t far behind.<\/li>\n<\/ul>\n<p style=\"text-align: center;\"><strong>The complete report can be downloaded <a href=\"https:\/\/www.buildfax.com\/buildfax-housing-health-report-october-2018\/\" target=\"_blank\" rel=\"noopener\">here<\/a>.<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Buildfax: New Construction Is Flat, But Remodeling On Rise Authorizations for new single-family homes were flat, but spending for home maintenance edged up in October, according to BuildFax, a provider of property condition and history insights. BuildFax noted in its report that maintenance activity is a critical indicator of economic health, particularly as the U.S. [&hellip;]<\/p>\n","protected":false},"author":15802,"featured_media":4822,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3255],"tags":[],"coauthors":[],"class_list":["post-1312","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-archive"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v25.4 (Yoast SEO v26.8) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>BuildFax: New Construction Is Flat, But Remodeling On Rise<\/title>\n<meta name=\"description\" content=\"Authorizations for new single-family homes were flat, but spending for home maintenance edged up in October, according to BuildFax, a provider of property condition and history insights. BuildFax note\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.realtrends.com\/blog\/2018\/11\/19\/buildfax-new-construction-remodeling\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"BuildFax: New Construction Is Flat, But Remodeling On Rise\" \/>\n<meta property=\"og:description\" content=\"Authorizations for new single-family homes were flat, but spending for home maintenance edged up in October, according to BuildFax, a provider of property condition and history insights. 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