New home construction still well below 2005 levels

BuildZoom's new indices show remodeling has surpassed precrisis levels, though

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.