Wednesday, November 20, 2013

Buildfax: September remodeling index up 9 percent

The Buildfax remodeling index for September showed a 9 percent increase, year-over-year for the U.S. West region. It was a moderate increase compared to other regions. 

According to the press release:

Residential remodels authorized by building permits in the United States in September were at a seasonally-adjusted annual rate of 3,145,000. This is flat from the revised August rate of 3,154,000 and is 14 percent above the September 2012 estimate of 2,747,000. 
Seasonally-adjusted annual rates of remodeling across the country in September 2013 are estimated as follows: Northeast, 678,000 (up 22% from August and up 12% from September 2012); South, 1,223,000 (down 3% from August and up 9% from September 2012); Midwest, 780,000 (down 3% from August and up 35% from September 2012); West, 746,000 (down 2% from August and up 9% from September 2012).