AddThis

Remodeling activity gains in January

Residential remodeling activity rose 22% in January 2011 in year-over-year comparisons, according to an index compiled by BuildFax, a national database of building permit data. Residential remodels in January were down 5% from December 2010, however. 

All regions of the country posted year-over-year gains, although the Northeast continues to lag behind the other regions. For the first time in four years, the Northeast posted a year-over-year gain (7%) in January.

The other regions all did significantly better than the Northeast, posting double-digit percentage gains over their respective January 2010 values: 13% for the South, 28% for the Midwest and 19% for the West.

As is usual in January, index values were down month-over-month in every region: The Northeast was down 9%, the South was down 5%, the Midwest was down 10%, and the West was down 4%.

Based in Austin, Texas, BuildFax derives its remodeling index on monthly building permit activity filed with local building departments across the country.


Want to read more?
This content is available only to registered users. Log in to read the rest of this article or create a free account.
© 2014 Home Channel News. All Rights Reserved.