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Although maintenance is lesser known than other key indicators, like housing authorizations and starts, its movement is highly correlated with risk and reflects shifts in consumer confidence. (Photo: Shutterstock) Although maintenance is lesser known than other key indicators, like housing authorizations and starts, its movement is highly correlated with risk and reflects shifts in consumer confidence. (Photo: Shutterstock)

There’s been considerable talk of a potential housing slowdown on the horizon. Housing prices are faltering, homes in popular cities are staying on the market for longer and stock market instability has led to hesitance among homeowners. However, what’s also compelling, particularly in the property insurance space, is the decline in maintenance activity on the aging U.S. housing stock.

Since November 2018, maintenance activity, which encompasses work on existing structures, has slowed substantially. In January alone, BuildFax’s latest Housing Health Report saw a 6.47% year-over-year decrease in maintenance. This was the third consecutive month of slowing activity.

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