Business
Study Reveals Less Volatility in Remodeling Market
BuildFax found additions, remodels and alterations dipped 9.7 percent at their lowest point (versus pre-crisis levels.)
January 27, 2017
Topics
Business
In comparing new construction and commercial remodels during the course of the Great Recession, BuildFax found additions, remodels and alterations dipped 9.7 percent at their lowest point (versus pre-crisis levels), while new construction permits plunged 43 percent between 2008 and 2011. Today, new commercial construction permits remain 20 percent below pre-crisis levels, while remodeling permits sit just 0.7 percent below peak level—even gaining 3 percent in 2013. For more information, visit blog.buildfax.com.
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