Residential remodels authorized by building permits in the United States in January were at a seasonally-adjusted annual rate of 3,891,852. This is 5% below the revised December rate of 4,096,531 and is 8% higher than the revised January 2014 estimate of 3,601,537.
Seasonally-adjusted annual rates of remodeling across the country in January 2015 are estimated as follows: Northeast, 461,716 (down 7% from December and up 14% from January 2014); South, 1,764,632 (down 2% from December and up 12% from January 2014); Midwest, 779,580 (down 2% from December and up 1% from January 2014); West, 847,934 (down 5% from December and up 5% from January 2014).
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.
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 January 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.
The BuildFax Remodeling Index 2014 Year in Review is now available for download. Click here to download now.