Thursday, November 5, 2009

Remodeling Activity Remains Relatively Stable

According to a report by Construction Week, Remodeling has remained a relatively stable component of the Upstate Housing industry. For the year ended September 30, 2009, the number of permits pulled for Remodeling Projects exceeding $25,000 has dropped just 15 percent from the same period the previous year. And remodeling activity in 2009 is ahead of the pace of activity in 2006, 2005, and 2004.

For Greenville, Anderson, Spartanburg, Pickens, and Oconee counties, remodeling permit activity for the year ended September 30 is as follows:

2004 — 497 permits
2005 — 456 permits
2006 — 557 permits
2007 — 626 permits
2008 — 669 permits
2009 — 571 permits

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