Labor and Materials Cost: CoreLogic developed the industry-recognized standard for estimating reconstruction costs referred to as the “Total Component Methodology.” This methodology applies current, localized labor and building materials prices to create a reconstruction cost estimate that is unique to a specific home. Price research by CoreLogic represents the most basic building elements used in the construction process. This data is collected using our extensive network of building material suppliers, labor organizations and automatic data feeds. Data sources also include government statistics, procured proprietary data, as well as published data and information from major trade organizations. To expand the number of labor data points, third-party data sources are used to augment the research collected from CoreLogic researchers and validate findings.
House Flipping: Home flips are calculated using CoreLogic’s national level data set on housing transactions between 2000 and 2018 for the U.S. and the one hundred largest metropolitan areas. A home flip is defined as a sale of a property which had previously been sold within 24 months prior.
Source: CoreLogic
The data provided is for use only by the primary recipient or the primary recipient's publication or broadcast. This data may not be re-sold, republished or licensed to any other source, including publications and sources owned by the primary recipient's parent company without prior written permission from CoreLogic. Any CoreLogic data used for publication or broadcast, in whole or in part, must be sourced as coming from CoreLogic, a data and analytics company. For use with broadcast or web content, the citation must directly accompany first reference of the data. If the data is illustrated with maps, charts, graphs or other visual elements, the CoreLogic logo must be included on screen or website. For questions, analysis or interpretation of the data, contact Chad Yoshinaka at Email Contact or Allyse Sanchez at Email Contact. Data provided may not be modified without the prior written permission of CoreLogic. Do not use the data in any unlawful manner. This data is compiled from public records, contributory databases and proprietary analytics, and its accuracy is dependent upon these sources.
About CoreLogic
CoreLogic (NYSE: CLGX), the leading provider of property insights and solutions, promotes a healthy housing market and thriving communities. Through its enhanced property data solutions, services and technologies, CoreLogic enables real estate professionals, financial institutions, insurance carriers, government agencies and other housing market participants to help millions of people find, acquire and protect their homes. For more information, please visit www.corelogic.com.
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Chad Yoshinaka
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817-699-4572
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Allyse Sanchez
INK Communications
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