The housing and remodeling markets are extremely reactionary, going up or down in direct correlation with both internal and external factors. It’s possible to track these highs and lows over time to get a sense of where the market is going based on where it’s been. This includes taking a look at past swings such as the 2010 foreclosure crisis and current conditions brought on by the current circumstances caused by COVID-19.
The current dive in both the remodeling and housing indexes brought on by the crisis has left many people wondering what the future will look like for both sectors. In order to understand how the market may be able to rebound, Fixr created two graphics for both the housing and the remodeling market index, which depict the trends that these two markets have taken up to since 2010. By taking a look at the way that the market has responded to past events, it may help builders and homeowners make plans for the future.