Holly Tachovsky | Source | CEO at BuildFax

Declines in single-family housing authorizations and maintenance activity have moved in unison for five months. This April, we’re starting to see a split emerging with a rise in maintenance activity. While there is always a spotlight on new construction, maintenance is also a must-watch indicator – it reflects the health of the existing housing stock, which comprises 90% of all U.S. properties. This month’s maintenance gain is a positive sign amidst a housing slowdown and we’ll be watching whether this activity remains stable over time.