Monday, June 17, 2013

Buildfax: Home remodeling up 4 percent in U.S. West during April

According to Buildfax's residential remodeling activity index, remodeling activity was up 8 percent nationwide from April 2012 to April 2013. During the same period, activity in the U.S. West region was up 4 percent.

According to the press release:

National Residential Remodeling
Residential remodels authorized by building permits in the United States in April were at a seasonally-adjusted annual rate of 2,969,000. This is 13 percent above the revised March rate of 2,631,000 and is 8 percent above the April 2012 estimate of 2,747,000.Regional Residential Remodeling 
Seasonally-adjusted annual rates of remodeling across the country in April 2013 are estimated as follows: Northeast, 507,000 (up 2% from March and down 25% from April 2012); South, 1,344,000 (up 11% from March and up 22% from April 2012); Midwest, 659,000 (up 22% from March and up 9% from April 2012); West, 636,000 (up 11% from March and up 4% from April 2012). 
Viewing the Economic Recovery Through Remodeling
"Volatility in residential remodeling activity has continued through the first four months of 2013, with April showing significant gains from March in all regions except for the Northeast, where activity has been steadily dropping for more than six months," said Joe Emison, Chief Technology Officer at BuildFax.