Residential Remodeling Index at New High in July 2011

“The BuildFax Residential Remodeling Index was at 130.4 in July, up from 129.5 in June. This is based on the number of properties pulling residential construction permits in a given month…This is the highest level for the index (started in 2004) – even above the levels from 2004 through 2006 during the home equity (“home ATM”) withdrawal boom.”