Wednesday, April 17, 2013

Buildfax: Remodeling activity in US West up 12 percent in February

According to Buildfax, remodeling activity during February 2013 was up 12 percent from February 2012 in the U.S. West region. Data is based on counts of remodels authorized by building permits in the U.S. This was the largest year-over-year increase among all regions.

According to the press release:

National Residential Remodeling
Residential remodels authorized by building permits in the United States in February were at a seasonally-adjusted annual rate of 3,299,000. This is 2 percent below the revised January rate of 3,360,000 and is 8 percent above the February 2012 estimate of 3,051,000.
Regional Residential Remodeling
Seasonally-adjusted annual rates of remodeling across the country in February 2013 are estimated as follows: Northeast, 446,000 (up 4% from January and up 4% from February 2012); South, 1,340,000 (up 2% from January and up 7% from February 2012); Midwest, 716,000 (down 17% from January and up 2% from February 2012); West, 846,000 (down 5% from January and up 12% from February 2012).