Wednesday, September 19, 2012

Buildfax: Remodeling activity in U.S. West up 9 percent

According to the latest Buildfax remodeling index:

Regional Residential Remodeling

Seasonally-adjusted annual rates of remodeling across the country in July 2012 are estimated as follows: Northeast, 765,000 (up 11% from June and up 31% from July 2011); South, 1,420,000 (up 24% from June and up 29% from July 2011); Midwest, 507,000 (down 4% from June and up 1% from July 2011); West, 846,000 (up 2% from June and up 9% from July 2011).

"Remodeling activity rebounded in July after a slower June, and residential remodeling activity in 2012 remains significantly above what we saw in 2011," said Joe Emison, Vice President of Research and Development at BuildFax.