Home Remodeling Almost As Hot As Home Buying And Selling In Portland

Dated: 03/11/2016

Views: 567

Home buying and selling continues to keep the Portland housing market churning.


According to a new analysis from property information company BuildFax, home remodeling is adding fuel to that fire as well.

Home remodeling is on the rise across the country and in Portland, according to property information company BuildFax.

Home remodeling is on the rise across the country and in Portland, according to property…more

ONUR ERSIN



In its analysis, which looked at building permit info to determine which cities had the most residential remodeling activity, BuildFax found that Portland landed at no. 8 on its list of the top cities for remodeling in the country.


The firm found that more than 7 percent of Portland-area homes were remodeled in 2015. In the top city in the country, Colorado Springs, nearly 15 percent of homes were remodeled.


Other top markets just ahead of Portland on the list included Orlando, Denver, Minneapolis, St. Paul, Tampa Bay and Aurora, Colo.


The BuildFax analysis also noted that Portland had an increase in remodeling activity between 2013 and early 2016 of 13 percent.


"We see heavy activity across the board (in Portland), and especially with regard to renovations involving electrical, mechanical and plumbing," the analysis noted.


BuildFax's report comes just as the Home Builders Association of Metropolitan Portland kicks off its annual Tour of Remodeled Homes. Set for this weekend (March 12 and March 13), the tour includes nine home projects across the metro region.


The tour projects are much more substantial than electrical, mechanical and plumbing projects and range instead from new master suites and kitchens to whole-house remodels.


Source

Blog author image

Mark Ross

For Mark Ross, founder of Ross NW Real Estate and professional real estate broker, real estate has always been the career of choice. During his 25+ years in the industry, Mark has gained experience in....

Latest Blog Posts

More Young Adults Live At Home Now Than During The Great Depression

While at the beginning of the year it seemed like Millennials and Generation Z were going to take hold of the housing market in 2020, the pandemic drastically changed that prediction.For the first

Read More

How To Make Your Home Office Space A Huge Selling Point

It's been six months since many of us were last in the office, tapping away on our ergonomic keyboards and drawing on whiteboards in conference rooms during (gasp!) in-person meetings.Since then, we

Read More

The Refinancing Boom Is Just Getting Started

Even with refinancings driving a record $1.1 trillion in originations in the second quarter and testing the limits of lenders’ capacity, LOs, mortgage executives and economists say all the

Read More

US Mortgage Rates Fall To All Time Lows This Week

Average mortgage rates for 30-year and 15-year mortgages fell to all-time lows this week, Freddie Mac said in a report on Thursday.The 30-year average is 2.86%, breaking the prior low of 2.88% set

Read More