Roof replacements, deck additions most popular, research says
Residential remodeling activity rose 34% in September 2011 in year-over-year comparisons, according to an index compiled by BuildFax, a national database of building permit data. It was the 23rd straight month of increases and the highest level of remodeling activity since the index was introduced in 2004.
BuildFax also released data stating the most popular types of remodeling projects over the past five years, with roof replacements (21.4%) deck additions (7.9%) and bathroom remodels (6.9%) leading the pack.
"Mortgage rates continue to be near record lows, and as homeowners from coast to coast refinance, they are continuing to update their current home and invest in their properties," said Joe Emison, VP research and development at BuildFax. "The data from BuildFax show that homeowners are not only doing important ‘maintenance’ projects, such as fixing their roof, but also taking on projects that add to the ‘livability’ of their homes by adding decks, remodeling their bathrooms and updating their kitchens. These are immediate fixes they will enjoy and that potential buyers look for."
Half of the nation saw month-over-month gains this past September in remodeling activity, according to BuildFax data: the West (4.6%) and the Midwest (4.9%) all showed increases, while the Northeast (1.5%) and the South (2.9%) saw a decline. Regions up in year-over-year gains from September 2010 are the West (43.5%), the Midwest (15.9%) and the South ( 9%). Only the Northeast dropped 4.7% in remodeling as measured by permit activity.
Boise Cascade expands in Detroit
Boise Cascade’s Building Materials Distribution division has announced its expansion in Wayne, Mich., outside of Detroit, where it recently moved into larger facilities. The operation now includes an additional 80,000 sq. ft. of enclosed warehouse space, 6,500 sq. ft. of new office space, and 9,000 sq. ft. of covered truck loading area. In addition, the expansion provides an additional four acres of outside storage, as well as railcar unloading facilities.
In a prepared statement, Jeff Wiska, manager of the Wayne operation, said: “The new facilities will provide our branch with the opportunity to greatly expand our product line, thereby enabling us to provide our customers with many new products and enhanced service.”
Builders FirstSource opens new Florida location
Builders FirstSource, the Dallas-based LBM chain, has announced the opening of a new location in Riviera Beach, Fla. The 45,000-sq.-ft. facility, located off the I-95 corridor in Southern Florida, will replace the company’s West Palm Beach location.
"We have served the state of Florida for a number of years, and this new location will allow us to serve four counties, including Indian Riviera County, St. Lucie County, Martin County and Palm Beach County," said CEO Floyd Sherman in the announcement.
The new lumberyard offers a full line of building materials and sells roof trusses, floor trusses and wall panels.
Builders FirstSource operates 51 lumberyards and 44 manufacturing plants, often at the same location, in nine states, principally in the southern and eastern United States.