Thursday, August 16, 2012

Buildfax: Remodeling in U.S. West region down 9 percent in June

Buildfax released its latest numbers on remodeling activity in the nation and its regions today. According to the press release:

Data Release: August 16, 2012

Residential remodels authorized by building permits in the United States in June were at a seasonally-adjusted annual rate of 2,725,000. This is 6 percent below the revised May rate of 2,896,000 and is 1 percent below the June 2011 estimate of 2,753,000.

Regional Residential Remodeling

Seasonally-adjusted annual rates of remodeling across the country in June 2012 are estimated as follows: Northeast, 692,000 (down 11% from May and up 7% from June 2011); South, 1,071,000 (down 5% from May and up 1% from June 2011); Midwest, 487,000 (down 9% from May and down 9% from June 2011); West, 724,000 (down 8% from May and down 9% from June 2011).