Remodeling Activity Up Almost 10 Percent from 2010

August BuildFax Remodeling Index shows the best numbers since index was introduced in 2004.
Courtesy of BuildFax

As summer sizzled across the U.S., remodeling activity continued to be red hot. BuildFax Remodeling Index (BFRI) for August showed that remodeling activity reached a record high during the month. BuildFax also released data today showing, based on its national footprint of permit data, an estimate of over 3.3 million residential remodeling projects will be permitted in 2011.

This figure is up from the estimated 3.1 million residential remodeling projects that were permitted in 2010, an almost 9.5 percent increase.

The latest BFRI showed that August 2011 became the month with the highest level of remodeling activity since the Index was introduced in 2004 and represented the 22nd consecutive month of increases.

In addition, BuildFax estimated that more than 3.1 million residential remodeling projects were permitted in 2010 and that just under 2 million residential remodeling jobs have already been permitted in 2011 through July, putting this year on track for an estimated 3.3 million permitted remodeling projects.

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