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Residential Remodeling Index increases 3% in February

From BuildFax: Residential remodels authorized by building permits in the United States in February were at a seasonally-adjusted annual rate of 2,894,000. This is 3 percent above the revised January rate of 2,811,000 and is 23 percent above the February 2011 estimate of 2,362,000. "February 2012 is the first month over the past twelve to show significant increases in residential remodeling activity across all U.
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