Residential remodeling activity rose 34% in September 2011 in year-over-year comparisons, according to an index compiled by BuildFax, a national database of building permit data. It was the 23rd straight month of increases and the highest level of remodeling activity since the index was introduced in 2004.
BuildFax also released data stating the most popular types of remodeling projects over the past five years, with roof replacements (21.4%) deck additions (7.9%) and bathroom remodels (6.9%) leading the pack.
"Mortgage rates continue to be near record lows, and as homeowners from coast to coast refinance, they are continuing to update their current home and invest in their properties," said Joe Emison, VP research and development at BuildFax. "The data from BuildFax show that homeowners are not only doing impor