Oct 18, 2011
Home improvement on the rise
18 Oct 2011
Posted by Andrew Kantor
According to the good folks over at BuildFax (who track home repair and remodeling data), remodeling projects in the U.S. this August rose 29% over the year before, continuing an upward trend that’s 22 months long.
The index is based on permit applications, so it doesn’t take into account the cost of the project, nor smaller ones (or ones where the homeowner didn’t get a permit).
Calculated Risk has another version of the chart that looks at year-over-year change in the index: