Remodeling activity gains in January
Residential remodeling activity rose 22% in January 2011 in year-over-year comparisons, according to an index compiled by BuildFax, a national database of building permit data. Residential remodels in January were down 5% from December 2010, however.
All regions of the country posted year-over-year gains, although the Northeast continues to lag behind the other regions. For the first time in four years, the Northeast posted a year-over-year gain (7%) in January.
The other regions all did significantly better than the Northeast, posting double-digit percentage gains over their respective January 2010 values: 13% for the South, 28% for the Midwest and 19% for the West.
As is usual in January, index values were down month-over-month in every region: The Northeast was down 9%, the South was down 5%, the Midwest was down 10%, and the West was down 4%.
Based in Austin, Texas, BuildFax derives its remodeling index on monthly building permit activity filed with local building departments across the country.
Obit: Duane Swanson of Raymond Building Supply
Duane Swanson, the president and CEO of Raymond Building Supply in Fort Meyers, Fla., died on March 8 from complications of a series of strokes, according to an article in the News Press. He was 71 years old.
Swanson bought Raymond Building Supply from a broker in 1978 when it was a single lumberyard and grew the business to eight locations in southwest Florida.
Although not an athlete himself, Swanson was a generous contributor to local high school and college athletic programs and facilities, including baseball, football and soccer.
Reno lumberyard to close
B&C Builders, a 38-year-old lumberyard in Sparks, Nev., is closing on March 31, according to an article in the Reno Gazette Journal.
The owners said that a lack of construction has forced them to shutter their doors. The company has about $250,000 to $275,000 worth of inventory, which it may dispose of through a liquidation sale or an auctioneer.
Both owners wanted to get out of the business before they had to declare bankruptcy.
"We were both born and raised in this town," Randy Blackwell told the newspaper. "We can’t start filing bankruptcy and all that kind of stuff and be able to walk around this town. We’re connected to too many people, way too many."