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Remodeling reaches record levels
Residential remodeling activity rose 23% in June 2011 in year-over-year comparisons, according to an index compiled by BuildFax, a national database of building permit data. It was the 20th straight month of increases and the highest level of remodeling activity since the index was introduced in 2004.
Most regions of the country posted year-over-year gains. In June, the West grew by 6%, the Midwest by 13%, and the South by 1% in month-over-month gains. Only the Northeast saw a decline in remodeling activity, by 4%.