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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