Remodeling Index Increases for 24th Straight Month - |

Armando Montelongo Team Blog

Remodeling Index Increases for 24th Straight Month

An index that tracks building permit activity for existing properties went up for the 24th consecutive month in October, reaching the high point in its 7½-year history.

The Residential BuildFax Remodeling Index has risen 41.7 percent in the last 12 months and increased by 4.0 percent from September to October, according to the latest report.

The index tracks the number of building permits issued, including those for homeowners improving their properties and investors rehabbing homes or preparing them for rental.

The index also increased for the last month in all four regions tracked, and for the year in three of four regions:

Here is a chart of the BuildFax Remodeling Index since its inception in April 2004 with an initial value of 100:

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