Home Remodeling Down For March
Residential remodeling projects authorized by building permits fell 10 percent nationwide in March, although a surge of activity in the South helped nearly offset declines in every other region, according to a report released Thursday.
The report from BuildFax, which provides data on building permits, said March projects were a seasonally adjusted 2.73 million, down from 3.03 million in February, but down slightly less from 2.83 million in March 2012.
Seasonally-adjusted annual rates around the country were: Northeast, 577,000 (down 13% from February and down 25% from March 2012); South, 1,718,000 (up 51% from February and up 60% from March 2012); Midwest, 552,000 (down 21% from February and down 17% from March 2012); West, 532,000 (down 34% from February and down 21% from March 2012).
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