For health monitoring of a building, we need to separate the response of the building to an earthquake from the imprint of soil‐structure coupling and from wave propagation below the base of the building. Seismic interferometry based on deconvolution, where we deconvolve the wave fields recorded at different floors, is a technique to extract this building response and thus estimate velocity of the wave that propagates inside the building. Deconvolution interferometry also allows us to estimate the damping factor of the building. Compared with other interferometry techniques, such as cross‐correlation and cross‐coherence interferometry, deconvolution interferometry is the most suitable technique to monitor a building using earthquake records. For deconvolution interferometry, we deconvolve the wave fields recorded at all levels with the waves recorded at a target receiver inside the building. This receiver behaves as a virtual source, and we retrieve the response of a cut‐off building, a short building that is cut off at the virtual source. Because the cut‐off building is independent from the structure below the virtual source, the technique might be useful for estimating local structure and local damage. We apply deconvolution interferometry to 17 earthquakes recorded during two weeks at a building in Fukushima, Japan, and estimate time‐lapse changes in velocity and normal‐mode frequency. As shown in a previous study, the change in velocity correlates with the change in normal‐mode frequency. We compute the velocities from both traveling waves and the fundamental mode using coda‐wave interferometry. These velocities have a negative correlation with the maximum acceleration of the observed earthquake records.