BuildZoom aggregates a variety of data, including licensure information, building permits and consumer reviews, which are made available through the company's website. In 2015, the company released an application that allowed users to browse building permit data in a variety of cities.
Selected Market Insights
In September 2016, BuildZoom's Chief Economist, Issi Romem, released a study entitled "Can U.S. Cities Compensate for Curbing Sprawl by Growing Denser" that explored the long-run relationship between U.S. cities' housing supply, their outward expansion, and their densification. The study was covered by the Wall Street Journal, The Washington Post, Bloomberg, CityLab and others.
In April 2016, BuildZoom's Chief Economist released a study entitled “Has the Expansion of American Cities Slowed Down?” The study visualized the outward expansion of all U.S. cities (metropolitan areas) from 1940 to 2010 and classified their behavior into three city types: expensive, expansive and legacy cities. The study was covered by the Wall Street Journal, CityLab and others.
In early 2016, BuildZoom published a series of four blog posts on first-time home buyers. Among other things, the series demonstrated that during the previous decade’s housing boom mortgage lending was available to people with a broad range of incomes, whereas since then first-time buyers had grown more financially select. The study was covered by the Associated Press, USA Today and others.
In 2015, BuildZoom collaborated with the Urban Economics Lab at the MIT Center for Real Estate to produce the BuildZoom & Urban Economics Lab Index, a set of indices tracking residential remodeling and new construction activity. The Index leverages BuildZoom’s national repository of building permit data and is currently released quarterly.
In November 2014, they showed a correlation between rising rental rates and decreased home improvement spending in San Francisco.
In October 2014, the company raised a second round of financing, estimated at $2.15 million.