Residential remodels authorized by building permits in the United States in May were at a seasonally-adjusted annual rate of 3,336,000. This is 9% below the revised April rate of 3,646,000 and is 7% below the revised May 2013 estimate of 3,569,000.
Seasonally-adjusted annual rates of remodeling across the country in May 2014 are estimated as follows: Northeast, 1,489,000 (down 4% from April and up 23% from May 2013); South, 1,674,000 (up 7% from April and up 32% from May 2013); Midwest, 411,000 (down 16% from April and down 59% from May 2013); West, 762,000 (down 12% from April and down 3% from May 2013).
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.