Residential remodeling activity increased in 2010, showing gains for the 14th straight month, as many homeowners continue to choose remodeling over purchasing a new home.
Residential remodeling activity grew 18 percent nationwide between December 2009 and December 2010, according to the latest BuildFax Remodeling Index, a montly index based on building permits filed with local building departments across the country.
All regions in the U.S. except for the Midwest showed year-over-year increases in remodeling activity. The Midwest index decreased by less than one percent. The West had its highest numbers in index history, while the South had a four-year high.
BuildFax also released its 2010 Year in Review, which reported that remodeling activity in 2010 resembled what 2008 could have looked like if the housing market had not collapsed.
Related Stories
Remodeling Spending To Tick Up Through Mid-2025
The Leading Indicator of Remodeling Activity report says things will trend up after a modest downturn
6 Strategies to Optimize Gross Profit
Thoroughly estimating and tracking gross profits is the life blood of a business, and one remodeler shares the approach that works well for his firm
Wellborn Cabinet - Peppermill Finish
Selling Your Company to Your Team
From company valuation to terms of the transfer, here’s a look at how three different remodelers made the deal work
What's Beyond the Hammer?
Working with Brian Gottlieb on the book Beyond the Hammer provided a masterclass on how to build an aligned team
4 Steps to Prep Your Business for Contraction
How a remodeling company plans ahead for the worst of times (and the best of times)
Creating a Company Fire Drill: How to Prepare for the Worst
A disastrous fire could have been a lot worse if the business wasn’t prepared for the unexpected
The Fundamentals of Growing Profitably
On this episode of Women at WIRC podcast, Nip Tuck Remodeling Owner April Bettinger shares how she plans for her company's profitable growth
3 Things to Add to Your Construction Contract—From a Lawyer
Did you know you can add these three elements to your contracts?