July 18, 2011

The BuildFax Remodeling Index for May 2011 reported that despite high unemployment rates and falling home prices, remodeling activity has reached a new high. The index, released July 18, was reported to be up 22% with a value of 124.3 for May, the highest number since the index’s introduction in 2004. Furthermore, BuildFax reported, May marked the 19th straight month for year-over-year gains in the remodeling industry. Consumers, the data show, are continuing to invest in remodeling and are choosing to remodel rather than purchase new homes.

June 7, 2011

BuildFax, the national database of building permit activity and creator of the BuildFax Remodeling Index, has joined forces with Equifax, one of the nation’s largest credit monitoring firms. The new partnership will give property and casualty insurance carriers immediate access to property history information, improving the accuracy of their underwriting to develop better pricing strategies and reduce the potential for fraud.  

May 16, 2011

Residential remodeling activity in March 2011 rose 14% in year-over-year comparisons, according to an index compiled by BuildFax, which uses a national database of building permit data. All regions of the country showed gains with the exception of the Midwest, which posted a decline in remodels.

The same trend held true in year-over-year comparisons. The BuildFax Remodeling Index (BFRI) for March 2011 registered 17 straight months of year-over-year gains.