{"id":1189,"date":"2019-01-04T16:46:00","date_gmt":"2019-01-04T16:46:00","guid":{"rendered":"https:\/\/preprod.realtrends.com\/blog\/2019\/01\/04\/buildfax-housing-report-declines-slowdown\/"},"modified":"2025-03-13T02:18:08","modified_gmt":"2025-03-13T02:18:08","slug":"buildfax-housing-report-declines-slowdown","status":"publish","type":"post","link":"https:\/\/preprod.realtrends.com\/blog\/2019\/01\/04\/buildfax-housing-report-declines-slowdown\/","title":{"rendered":"Housing Report: Declines in Three Categories Suggests Slowdown"},"content":{"rendered":"<h2>BuildFax Housing Report: Declines in Three Categories Suggests Slowdown<\/h2>\n<h6><i>Single-family authorizations, maintenance and remodeling trending down, according to BuildFax.<\/i><\/h6>\n<p>The BuildFax Housing Health Report for November found that the year-over-year rate of single-family housing authorizations, maintenance and remodeling have all decreased. This is the first time since 2011 that all three categories have decreased in the same month, pointing to a potential <a href=\"market-slowdown-coming\/\">market slowdown<\/a> on the horizon. The report, which leverages U.S. property condition and history data to deliver macroeconomic as well as more granular trends, also reveals that eight of the last 10 instances of blanket declines occurred during the recession and its recovery in 2008 and 2009.<\/p>\n<p><!--more--><\/p>\n<h4>Housing Supply by Volume<\/h4>\n<ul>\n<li class=\"bwlistitemmargb\"><a href=\"single-family-post-slight-decline\/\">Single-family housing<\/a> authorizations decreased by 0.86 percent year over year.<\/li>\n<li class=\"bwlistitemmargb\">Maintenance volume decreased by 5.85 percent year over year.<\/li>\n<li class=\"bwlistitemmargb\">Remodel volume decreased by 12 percent year over year.<\/li>\n<\/ul>\n<blockquote>\n<p>\u201cMore so now than in years prior, the compounding effects of natural disasters, scarcity in the construction labor market and recent tariffs have impacted housing growth \u2013 not to mention systemic factors, like rising mortgage rates, that influence consumer behavior,\u201d said BuildFax COO Jonathan Kanarek. \u201cWhile it\u2019s natural to see some leveling off after steep growth, the next few months will be telling; whether a downturn is on the horizon or the market is simply softening is yet to be seen.\u201d<\/p>\n<\/blockquote>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-53460 size-large\" src=\"https:\/\/preprod.realtrends.com\/blog\/wp-content\/uploads\/sites\/9\/2021\/01\/NovBHHR_decline_chart_businesswire_graphic-1024x439-1.jpg\" alt=\"BuildFax\" width=\"1024\" height=\"439\"><\/p>\n<p>The report also looked at commercial construction, which shows decreases this month are in line with similar residential declines. However, commercial construction over the last five years has seen steady increases, primarily in construction spend. In fact, BuildFax data suggests there are disproportional increases between construction cost and volume, which point to a labor shortage in the market.<\/p>\n<p>For a look at more trends affecting the U.S. housing market, access the full report <a href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.buildfax.com%2Fbuildfax-housing-health-report-november-2018%2F%3Futm_source%3DPR%26utm_medium%3DBizWire%26utm_campaign%3D18_11_BHHR&amp;esheet=51914946&amp;newsitemid=20181217005146&amp;lan=en-US&amp;anchor=here&amp;index=1&amp;md5=4f7ffe9631a4d247f3444d26c8c90c7f\" target=\"_blank\" rel=\"nofollow noopener\">here<\/a>. To learn more about BuildFax, visit <a href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.buildfax.com%2F%3Futm_source%3DPR%26utm_medium%3DBizWire%26utm_campaign%3D18_11_BHHR&amp;esheet=51914946&amp;newsitemid=20181217005146&amp;lan=en-US&amp;anchor=www.buildfax.com&amp;index=2&amp;md5=c69c31be429284a1d29af6483b426fa2\" target=\"_blank\" rel=\"nofollow noopener\">www.buildfax.com<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>BuildFax Housing Report: Declines in Three Categories Suggests Slowdown Single-family authorizations, maintenance and remodeling trending down, according to BuildFax. The BuildFax Housing Health Report for November found that the year-over-year rate of single-family housing authorizations, maintenance and remodeling have all decreased. This is the first time since 2011 that all three categories have decreased in [&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-1189","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>Housing Report: Declines in Three Categories Suggests Slowdown<\/title>\n<meta name=\"description\" content=\"The BuildFax Housing Health Report for November found that the year-over-year rate of single-family housing authorizations, maintenance and remodeling have all decreased. 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