Monday, January 20, 2014

Buildfax: November remodeling activity in West region down 30 percent from November 2012

From the latest Buildfax release:

Residential remodels authorized by building permits in the United States in November were at a seasonally-adjusted annual rate of 2,542,000. This is 20% down from the revised October rate of 3,185,000 and is 18 percent below the November 2012 estimate of 3,087,000.
Regional Residential Remodeling. 
Seasonally-adjusted annual rates of remodeling across the country in November 2013 are estimated as follows: Northeast, 614,000 (down 12% from October and down 29% from November 2012); South, 1,301,000 (up 1% from October and up 7% from November 2012); Midwest, 486,000 (down 31% from October and down 28% from November 2012); West, 546,000 (down 35% from October and down 30% from November 2012).
The index fell of significantly in November: