Replacement Costs for Condo Units Differ from Homes
There are fundamental differences in the items included in the replacement cost for a condo unit versus a home.
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Homebuilding in 2019: Smaller home size, higher costs
While the trends for home building in 2020 are still unclear, the National Association of Home Builders Construction Cost Survey and the Census Bureau have provided data for 2019. That gives us a starting point for 2020.
Read MoreTechnology Spotlight Features e2Value’s Structure Insurance Score
e2Value’s Structure Insurance Score is featured in the Technology Spotlight of the Willis Towers Watson Quarterly Briefing Q2 2020.
Read MoreWe Are Ready for Hurricane Season. Is Your Valuation Tool?
Our population’s attraction to beaches and coastal locations continues the demand for new construction in these areas despite the enhanced risk of windstorm property damage.
Read MoreLower Mortgage Rates Increases Need for Homeowner Insurance Guidance
Mortgage rates recently dropped to near record low rates, spurring interest in mortgages. Homeowners have been exploring refinancing their mortgage. Home buyers continue to look at purchasing a home.
Read MoreThe Challenges of Repairing and Replacing Vintage Homes
Repairing and replacing vintage homes can be more challenging than work on homes of modern construction.
Read MoreCamp Fire survey results: 12 months later
As the 12-month mark approached after the Camp Fire, United Policyholders (UP) took a survey of survivors. Of the households that completed the survey, 67% reported that they had reached a settlement on the dwelling portion of their claim. Only 30% reported having sufficient insurance to cover the cost of damage to their home.
Read MoreFewer and smaller new single-family homes being built
While there is demand for smaller homes, several factors prevent this segment of the market from expanding.
Read MoreHow much do your clients know about homeowners insurance?
Characteristics of new homes sold in 2018
For single family homes sold in 2018, the Census Bureau highlighted that 548,000 were detached homes and 69,000 were attached homes; 278,000 had three bedrooms; the median size was 2,435 square feet.
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