BuildFax has dramatically increased the number of cities/townships/counties from which we are receiving data on a monthly basis in order to enhance all products, including the BuildFax Remodeling Index (BFRI).
This month's BFRI release is based upon a population footprint that is almost twice as big as the previous set. Other important changes to note about the BFRI reformulation:
Residential remodels authorized by building permits in the United States in June were at a seasonally-adjusted annual rate of 3,835,000. This is 6% above the revised May rate of 3,626,000 and is 22% higher the revised June 2013 estimate of 3,154,000.
Seasonally-adjusted annual rates of remodeling across the country in June 2014 are estimated as follows: Northeast, 453,000 (down 2% from May and up 39% from June 2013); South, 1,639,000 (up 5% from May and up 17% from June 2013); Midwest, 902,000 (up 6% from May and up 23% from June 2013); West, 852,000 (up 11% from May and up 19% from June 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.