A new index created by the National Home Builders Association (NAHB) shows county-by-county estimates for remodeling expenditures in the United States. According to the data, Los Angeles County, Calif., leads the country with $9.4 billion spent on remodeling. Other counties in the top five include Cook County, Ill.; Orange and San Diego counties, Calif.; and Maricopa County, Ariz.
"Total remodeling spending in a particular county is most strongly related to the number of homeowners in the county," said NAHB chief economist David Crowe. "On the other hand, we found that remodeling per home depends upon factors such as the share built before 1980, the share owned by married couples and, most significantly, the average value of the homes."
The NAHB created the index by analyzing local remodeling based on home and homeowner characteristics data from the American Housing Survey, which is funded by the U.S. Department of Housing an