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Real Estate

2020 ends on a high note for housing activity

Source: https://www.buildfax.com/blog/2020-ends-on-high-note-for-housing-activity/

Housing activity ended 2020 on a strong note with increases across almost all major indicators.

New construction activity was a bright spot for the economy in 2020. Single-family housing authorizations increased 13.97% year over year and 3.21% month over month. The housing market, however, is still experiencing some growing pains with inventory hitting record lows in December. New construction is expected to continue into 2021 to help curb tight housing supply.

In the existing housing stock, maintenance and remodel volumes—the latter a subset of maintenance that includes renovations, additions, and alterations—ended the year on a six-month, year-over-year growth streak. Instead of re-entering the market, many homeowners are choosing to invest in their existing properties while the economy recovers.

New and Existing Housing Supply Activity, December 2020

  • Single-family housing authorizations increased 13.97% year over year.
  • Existing housing maintenance volume increased 10.07% year over year.
  • Existing housing remodel volume increased 12.93% year over year.

“Despite a wavering economic recovery amid rising COVID-19 cases, housing activity shows no signs of slowing,” says Jonathan Kanarek, Manager Director of BuildFax, “Continued increases in new construction and existing housing activity signify ongoing market strength.”

To learn more about the data behind this article and what BuildFax has to offer, please reach out to Chris at chris@buildfax.com.

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Data is changing the speed of business. Investors, Corporations, and Governments are buying new, differentiated data to gain visibility make better decisions. Don't fall behind. Let us help.

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ForwardKeys

ForwardKeys is one of the leading travel analytics firms that provides investment firms with alternative and predictive data on the travel industry. Data is offered both on the demand and the offer-side of the aviation market.

Actual Air Reservations is an aggregation of flight bookings made via the Global Distribution Systems. Exclusive agreements make that global travel data is available, including regions that are generally difficult to track. This data contains valuable insights into the profile, behaviour, and impact of events on past, present and future air travellers.

Seat Capacity provides insights into the scheduled flights from 99% of global commercial airlines.

Financial institutions use this data for artificial intelligence and predictive models to forecast the performances of businesses. Combined, the datasets can provide insights into the financial health of businesses operating in the travel and tourism industry. This list contains companies like airlines, airplane leasing companies, oil companies, hotels and travel agencies.