Residential Construction Increase Expected
In the early 2000s, some in the residential-construction industry predicted that, in the not-too-distant future, the United States would reach its new-home saturation point. The result would be a corresponding growth in the remodeling industry because the houses that had been built in the 1980s and 1990s would require major updating. Although some builders added remodeling components to their businesses, the bursting of the housing...
The Hot Spots for Home Improvement: Who’s Rebuilding?
After doing just enough to maintain their homes in the wake of the Great Recession, Americans are starting to ramp up spending on backyard decks, spa-like bathrooms and other vanity improvements. The amount people spend on home remodeling and repair is anticipated to hit $325 billion this year, a level that hasn’t been reached since 2007, according to the Harvard Joint Center for Housing Studies. Hanley Wood, a marketing services...
