In a slow market, natural disasters fuel elevated home maintenance activity

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The housing market has been slowing for six months now as single-family housing authorizations continue to decline, according to BuildFax’s new April Housing Health Report. Despite the slowing market, the report notes home maintenance activity saw minor gains after five months of consecutive declines.

Single-family housing authorizations decreased 4.53% from March to April 2019, and 8.23% year over year, while existing housing maintenance volume increased by 2.45% in the last year.