Remodeling Index Jumps 23 Percent in February - | ArmandoMontelongo.com

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Remodeling Index Jumps 23 Percent in February

Building permits for work on existing houses increased by 23 percent in February to an annual rate of 2.89 million, according to a new report.

The increase in the BuildFax Remodeling Index was broadly based, with growth for the last 12 months in all four regions of the country in the report. The index is at its highest point since January 2008.

The index is based on permits for residential construction permits.

Here is the regional breakdown of the index, with the annual rate of permits, change from January and change from February 2011:

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