Tag Archives: residential remodeling index

BFRI: Residential Remodeling in January 2014 is UP 6%

Residential Remodeling in January 2014
Data Release: March 20, 2014

Residential remodels authorized by building permits in the United States in January were at a seasonally-adjusted annual rate of 3,240,000. This is 6% up from the revised December rate of 3,048,000 and is down 1% from the January 2013 estimate of 3,276,000.

Regional Residential Remodeling

Seasonally-adjusted annual rates of remodeling across the country in January 2013 are estimated as follows: Northeast, 603,000 (up 5% from December and down 21% from January 2013); South, 1,496,000 (up 27% from December and up 22% from January 2013); Midwest, 406,000 (down 29% from December and down 58% from January 2013); West, 894,000 (up 6% from December and up 15% from January 2013).

About the BuildFax Remodeling Index

The BuildFax Remodeling Index (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. The national and regional indexes are based upon a subset of representative building departments in the U.S. and population estimates from the U.S. Census. The BFRI is seasonally-adjusted using the X12 procedure.

Historical Values and Subscription Information

The BuildFax Remodeling Index is available as a monthly email with an Excel spreadsheet attachment. Each month’s release contains the full list of historical values for the country and each of the four regions, going back to August of 2004. When you subscribe, you will receive the most recent release within one business day. Click here to subscribe for $150/year. You can also subscribe to the free data release mailing list, which delivers the information you see on this page by email each month.

About BuildFax

BuildFax is the creator of the first and only national database of historical building permit data. Headquartered in Asheville, North Carolina, BuildFax has created a proprietary property intelligence engine that contains building and permitting information from 5,000+ cities and counties throughout the country. As the best and only source of a structure’s “life story,” the BuildFax database continues to grow, currently covering over 60 percent of the U.S. commercial and residential building stock with over 6 billion data points.

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BFRI: BuildFax Residential Remodeling Index in November 2013 is Down 20%

Residential Remodeling in November 2013

Data Release: January 17, 2014

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).

Viewing the Economic Recovery Through Remodels

“We saw a lower-than-expected November 2013 in all regions but the South, which may have been an after-effect of the October government shutdown,” said Joe Emison, Chief Technology Officer at BuildFax, “although we still expect 2013 to be a bigger year for remodeling than 2012.”

About the BuildFax Remodeling Index

The BuildFax Remodeling Index (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. The national and regional indexes are based upon a subset of representative building departments in the U.S. and population estimates from the U.S. Census. The BFRI is seasonally-adjusted using the X12 procedure.

Historical Values and Subscription Information

The BuildFax Remodeling Index is available as a monthly email with an Excel spreadsheet attachment. Each month’s release contains the full list of historical values for the country and each of the four regions, going back to August of 2004. When you subscribe, you will receive the most recent release within one business day. Click here to subscribe for $150/year. You can also subscribe to the free data release mailing list, which delivers the information you see on this page by email each month.

About BuildFax

BuildFax is the creator of the first and only national database of historical building permit data. Headquartered in Asheville, North Carolina, BuildFax has created a proprietary property intelligence engine that contains building and permitting information from 5,000+ cities and counties throughout the country. As the best and only source of a structure’s “life story,” the BuildFax database continues to grow, currently covering over 60 percent of the U.S. commercial and residential building stock with over 6 billion data points.

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Filed under Residential Remodeling

BuildFax Remodeling Index (BFRI) is UP 2% in October 2013

Residential Remodeling in October 2013

Data Release: December 17, 2013

Residential remodels authorized by building permits in the United States in October were at a seasonally-adjusted annual rate of 3,266,000. This is 2% up from the revised September rate of 3,171,000 and is 1 percent above the October 2012 estimate of 3,183,000.

Regional Residential Remodeling

Seasonally-adjusted annual rates of remodeling across the country in October 2013 are estimated as follows: Northeast, 727,000 (down 16% from September and down 16% from October 2012); South, 1,280,000 (up 7% from September and down 10% from October 2012); Midwest, 718,000 (down 8% from September and up 15% from October 2012); West, 817,000 (up 6% from September and up 8% from October 2012).

Viewing the Economic Recovery Through Remodels

“Through the first 10 months of 2013, we have seen a 7% increase in the overall number of residential remodels as compared with 2013,” said Joe Emison, Chief Technology Officer at BuildFax, “and we expect that number to stay the same or improve through the end of 2013.”

About the BuildFax Remodeling Index

The BuildFax Remodeling Index (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. The national and regional indexes are based upon a subset of representative building departments in the U.S. and population estimates from the U.S. Census. The BFRI is seasonally-adjusted using the X12 procedure.

Historical Values and Subscription Information

The BuildFax Remodeling Index is available as a monthly email with an Excel spreadsheet attachment. Each month’s release contains the full list of historical values for the country and each of the four regions, going back to August of 2004. When you subscribe, you will receive the most recent release within one business day. Click here to subscribe for $150/year. You can also subscribe to the free data release mailing list, which delivers the information you see on this page by email each month.

About BuildFax

BuildFax is the creator of the first and only national database of historical building permit data. Headquartered in Asheville, North Carolina, BuildFax has created a proprietary property intelligence engine that contains building and permitting information from 5,000+ cities and counties throughout the country. As the best and only source of a structure’s “life story,” the BuildFax database continues to grow, currently covering over 60 percent of the U.S. commercial and residential building stock with over 6 billion data points.

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Filed under Residential Remodeling

Buildfax: Remodeling Index (BFRI) is Unchanged for September 2013

Residential Remodeling in September 2013

Data Release: November 18, 2013

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.

Regional Residential Remodeling

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).

Viewing the Economic Recovery Through Remodels

“Through the first 9 months of 2013, we have seen a 10% increase in the overall number of residential remodels as compared with 2013,” said Joe Emison, Chief Technology Officer at BuildFax, “and we expect that number to stay the same or improve through the last quarter of 2013.”

About the BuildFax Remodeling Index

The BuildFax Remodeling Index (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. The national and regional indexes are based upon a subset of representative building departments in the U.S. and population estimates from the U.S. Census. The BFRI is seasonally-adjusted using the X12 procedure.

Historical Values and Subscription Information

The BuildFax Remodeling Index is available as a monthly email with an Excel spreadsheet attachment. Each month’s release contains the full list of historical values for the country and each of the four regions, going back to August of 2004. When you subscribe, you will receive the most recent release within one business day. Click here to subscribe for $150/year. You can also subscribe to the free data release mailing list, which delivers the information you see on this page by email each month.

About BuildFax

BuildFax is the creator of the first and only national database of historical building permit data. Headquartered in Asheville, North Carolina, BuildFax has created a proprietary property intelligence engine that contains building and permitting information from 5,000+ cities and counties throughout the country. As the best and only source of a structure’s “life story,” the BuildFax database continues to grow, currently covering over 60 percent of the U.S. commercial and residential building stock with over 6 billion data points.

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Filed under Residential Remodeling

Residential Remodeling for August 2013 is DOWN 13%

Residential Remodeling in August 2013

National Residential Remodeling

Residential remodels authorized by building permits in the United States in August were at a seasonally-adjusted annual rate of 2,987,000. This is 13 percent below the revised July rate of 3,434,000 and is 5 percent below the August 2012 estimate of 3,140,000.

Regional Residential Remodeling

Seasonally-adjusted annual rates of remodeling across the country in August 2013 are estimated as follows: Northeast, 616,000 (down 10% from July and down 35% from August 2012); South, 1,241,000 (down 8% from July and down 8% from August 2012); Midwest, 668,000 (down 38% from July and up 8% from August 2012); West, 760,000 (down 3% from July and flat from August 2012).

Viewing the Economic Recovery Through Remodeling

“The end-of-summer drop this year was both earlier and more severe than last year,” said Joe Emison, Chief Technology Officer at BuildFax, “but overall residential remodeling activity in 2013 still remains higher than it was in 2012.”

About the BuildFax Remodeling Index

The BuildFax Remodeling Index (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.  The national and regional indexes are based upon a subset of representative building departments in the U.S. and population estimates from the U.S. Census.  The BFRI is seasonally-adjusted using the X12 procedure. For more details and historical index values, please visit http://index.buildfax.com/.

About BuildFax

BuildFax is the creator of the first and only national database of historical building permit data. Headquartered in Asheville, North Carolina, BuildFax has created a proprietary property intelligence engine that contains building and permitting information from 5,000+ cities and counties throughout the country. As the best and only source of a structure’s “life story,” the BuildFax database continues to grow, currently covering over 60 percent of the U.S. commercial and residential building stock with over 6 billion data points.

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Filed under Residential Remodeling

BuildFax Residential Remodeling Index is UP 2% for July 2013

Residential Remodeling in July 2013

National Residential Remodeling

Residential remodels authorized by building permits in the United States in July were at a seasonally-adjusted annual rate of 3,514,000. This is 2 percent above the revised June rate of 3,460,000 and is 16 percent above the July 2012 estimate of 3,025,000.

Regional Residential Remodeling

Seasonally-adjusted annual rates of remodeling across the country in July 2013 are estimated as follows: Northeast, 476,000 (down 32% from June and down 52% from July 2012); South, 1,303,000 (up 6% from June and up 4% from July 2012); Midwest, 1,076,000 (up 3% from June and up 80% from July 2012); West, 868,000 (up 8% from June and up 16% from July 2012).

Viewing the Economic Recovery Through Remodeling

“The national upward trend in remodeling is unmistakable,” said Joe Emison, Chief Technology Officer at BuildFax, “with the notable exception of the Northeast, in which the major cities (Boston, New York) have seen substantially less residential remodeling this year than last year, even though overall permit volumes have remained close to last year’s totals.”

About the BuildFax Remodeling Index

The BuildFax Remodeling Index (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.  The national and regional indexes are based upon a subset of representative building departments in the U.S. and population estimates from the U.S. Census.  The BFRI is seasonally-adjusted using the X12 procedure. For more details and historical index values, please visit http://index.buildfax.com/.

About BuildFax

BuildFax is the creator of the first and only national database of historical building permit data. Headquartered in Asheville, North Carolina, BuildFax has created a proprietary property intelligence engine that contains building and permitting information from 5,000+ cities and counties throughout the country. As the best and only source of a structure’s “life story,” the BuildFax database continues to grow, currently covering over 60 percent of the U.S. commercial and residential building stock with over 6 billion data points.

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Filed under Residential Remodeling, Uncategorized

BuildFax Remodeling Index is DOWN 1% for June 2013

Residential remodels authorized by building permits in the United States in June were at a seasonally-adjusted annual rate of 3,447,000. This is 1 percent below the revised May rate of 3,492,000 and is 21 percent above the June 2012 estimate of 2,844,000.

Regional Residential Remodeling

Seasonally-adjusted annual rates of remodeling across the country in June 2013 are estimated as follows: Northeast, 658,000 (down 11% from May and down 28% from June 2012); South, 1,327,000 (down 3% from May and up 28% from June 2012); Midwest, 992,000 (down 8% from May and up 71% from June 2012); West, 702,000 (down 4% from May and down 4% from June 2012).

Viewing the Economic Recovery Through Remodeling

“With such month-to-month volatility, the traditional month-over-month and year-over-year metrics aren’t as useful as they have been in capturing residential remodeling trends,” said Joe Emison, Chief Technology Officer at BuildFax. “Instead, it is easier to see an overall gradual improvement in the observation that in the 12 months ending June 2013, we see as 6% increase nationally in permitted residential remodeling projects versus the 12 months prior to that (ending in June 2012).”

About the BuildFax Remodeling Index

The BuildFax Remodeling Index (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.  The national and regional indexes are based upon a subset of representative building departments in the U.S. and population estimates from the U.S. Census.  The BFRI is seasonally-adjusted using the X12 procedure. For more details and historical index values, please visit http://index.buildfax.com/.

About BuildFax

BuildFax is the creator of the first and only national database of historical building permit data. Headquartered in Asheville, North Carolina, BuildFax has created a proprietary property intelligence engine that contains building and permitting information from 5,000+ cities and counties throughout the country. As the best and only source of a structure’s “life story,” the BuildFax database continues to grow, currently covering over 60 percent of the U.S. commercial and residential building stock with over 6 billion data points.

Leave a comment

Filed under Residential Remodeling