The BuildFax Remodeling Index for October
indicates a slight slowdown in the number of building permits issued for the
purpose of residential remodeling from the previous month. The number of these permits, however were
substantially increased compared to one year earlier.
Permits issued nationwide in October were
at a seasonally adjusted annual rate of 3.993 million. This is 4 percent below the revised September
estimate of 4.141 million. Permits were
issued in October at a rate 10 percent above the 3.637 million in October 2013.