Home remodeling activity continues ascension: BuildFax

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Remodeling Activity Reaches Record Levels According To BuildFax Remodeling Index For September BuildFax Data Reveals Replacing Roof and Adding a Deck are the Most Popular Types of Remodeling Jobs (HIT) – As the weather started to cool and kids went back to school, remodeling activity continued to soar in 2011.

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Remodeling Activity Reaches Record Levels According to BuildFax Remodeling Index for June, Real-estate Index shows record high since 2004

BuildFax announced its BuildFax Remodeling Index (BFRI) for May 2011 and it shows that as the temperature rose across the country remodeling was red hot, as May 2011 became the month with the highest level of remodeling activity since the Index was introduced in 2004.

We expect residential remodeling to continue to grow throughout 2012," said Joe Emison, vice president of research and development at BuildFax. The BFRI is based on construction permits for residential remodeling projects filed with local building departments across the country. The index estimates the number of properties permitted.

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 · As this chart shows, remodeling activity has surged this year . I should know, since we have done quite a bit of it ourselves this year and last. Plus, some contractor friends-particularly one that specializes in energy retrofitting-tell me that business is doing very well.

 · Home improvements include activities such as remodeling, renovation, restoration, additions, alterations and replacements of home components which add value to a home or property, while maintenance and repair activities simply preserve the current value of the home.. detailed remodeling data continues to be a struggle for the industry.

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According to BuildFax’s monthly Remodeling Index (BFRI) for March 2011, there was a continued year-over-year gain. Their data suggests that more people are actively remodeling their homes across the United States, even while the economy continues to struggle and the real-estate industry continues to be challenged.

7 1/2 Ways To Save on Remodeling Supplies Remodeling Activity Declines.. an increase in home maintenance activities despite an overall housing slump in March.. on a national level "and estimates continue to climb." BuildFax also.