BrokerPulse

RealTrends Q4 2021 BrokerPulse: Office consolidation, boosting agent productivity and core services capture rates continue…

2021 Website Rankings Now Live!

RealTrends website rankings highlights the top real estate websites across the country in 6 total categories for our annual brokerage website rankings.

Real estate teams vs brokerages

Steve Murray and Tracey Velt discuss the profitability of real estate teams vs brokerages, based on the results of the 2021 RealTrends Team Profitability Study.

Study: It’s true, real estate teams outperform brokerage firms

Surveyed real estate team gross margins were an average of 61.8% compared to an average of 13.8% for real estate brokerage firms.

BuildFax U.S. Housing Health Report, Reveals 5.06 % Increase in Housing Maintenance Activity

BuildFax, released its Housing Health Report for September, which offers insights into three major economic indicators for the U.S. housing market: single-family housing authorizations, existing housing maintenance and existing housing remodeling.

The data revealed a healthy increase in the annual rate of single-family housing authorizations from August to September. The annual rate of maintenance volume increased 5.06 percent in September year over year and increased 4.35 percent over Q3 2017.

 

BuildFax has leveraged its proprietary database of property condition and history data to present three major economic indicators for the housing market: single-family housing authorizations, existing housing maintenance and existing housing remodeling. (Graphic: Business Wire) A sharp spike in maintenance activity sees direct impact from 2017 hurricane season

 

New Housing Supply

  • Single-family housing authorizations increased at a seasonally adjusted rate of 3.20 percent from August to September of 2018
  • Single-family housing authorizations in September 2018 increased at a seasonally adjusted annual rate of 10.91 percent over September 2017

Existing Housing Maintenance

  • The annual rate of housing maintenance volume increased 5.06 percent
  • In September 2018, housing maintenance spend increased at a year-over-year rate of 18.14 percent from September 2017

Existing Housing Remodels

  • The annual rate of remodel volume has increased 2.39 percent
  • In September 2018, remodel spend increased at a year-over-year rate of 15.96 percent from September 2017

“Typically, we see dips in maintenance and remodeling activity immediately following a natural disaster, as we saw in Florida following Hurricane Irma, which caused $10 billion in insured losses. Irma’s impact on Florida in September 2017 directly contributed to last month’s 5.06 percent increase in maintenance activity,” said BuildFax COO Jonathan Kanarek. “Hurricane Harvey is a different story. Harris County’s non-traditional permitting strategies spiked maintenance activity shortly after landfall. This will likely impact remodeling and maintenance activity well into 2019 and we’ll be tracking these trends in depth over time.”

About BuildFax

BuildFax, headquartered in Austin, Texas, is trusted by the largest insurance and financial institutions in the world to deliver business-critical property condition and history data. With the only database of its kind encompassing more than 23 billion data points on commercial and residential structures, BuildFax delivers detailed data on remodeling, solar installations, new construction, roof age, major systems, maintenance history and more. To learn more about BuildFax, visit www.buildfax.com.

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