New home construction still well below 2005 levels

LIVE NOW: Inman Connect San Francisco
Tune-in now to catch the livestream. Don't miss this chance to see real estate leaders tackle the industry's top problems.

The remodeling industry has fully recovered and surpassed its precrisis index levels, while new home construction activity is recovering at a slower rate. According to a new set of residential construction and remodeling indices launched by BuildZoom, new home permit activity remains 60.7 percent below 2005 levels.