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Home renovation declines in wake of COVID-19

As COVID-19 cases continued to climb in April, the housing market felt the strain of the pandemic. Prior to the outbreak, Buildfax, a property condition data service provider, reported demand for new homes was so high that a major housing shortage was imminent.   However, April saw a 7.37% month-to-month decrease in single-family authorizations as COVID-19 continued to spread. Contrary to the month-to-month trend, data shows a 1.2%...