According to the press release:
National Residential Remodeling
Residential remodels authorized by building permits in the United States in January were at a seasonally-adjusted annual rate of 3,569,000. This is 32 percent above the revised December rate of 2,707,000 and is 15 percent above the January 2012 estimate of 2,610,000.Regional Residential Remodeling
Seasonally-adjusted annual rates of remodeling across the country in January 2013 are estimated as follows: Northeast, 854,000 (up 35% from December and up 41% from January 2012); South, 1,413,000 (up 27% from December and up 14% from January 2012); Midwest, 540,000 (down 12% from December and down 24% from January 2012); West, 1,080,000 (up 54% from December and up 41% from January 2012).Viewing the Economic Recovery Through Remodeling
"January was a huge month for residential remodeling throughout most of the country, with gains that made up for weak Decembers in the South and West. Given the recent month-to-month volatility in remodeling project permits issued, it is likely that these seasonally-adjusted levels will not hold in future months," said Joe Emison, Chief Technology Officer at BuildFax.