A Number of Articles have been written this year about the home improvement industry's rebound. Below are a sampling of those articles...
A New Decade for Growth in Remodeling, Joint Center for Housing Studies of Harvard University, 2011
“Homeowners who deferred maintenance and improvements during the recession may soon start to spend more freely.”
“At almost $290 billion in 2009, the remodeling market held up much better than new residential construction during the downturn.”
“…the number of homes in the housing stock, the age of those homes, and the income gains of homeowners making improvements point to increases in remodeling spending in the years ahead.”
“…the long term expansion of the remodeling market is an unmistakable trend, and a relatively healthy economy will assure future growth in the industry.”
“Based on local market conditions in 2009-2010, several metropolitan areas appear well positioned for an upturn in remodeling activity.”
Home Remodeling to Rebound in U.S. as Owner Confidence Improves, Bloomberg Financial, 2011
“Home Improvement retailers are preparing for a spring sales bump as homeowners consider upgrading rather than selling their houses at a discount in a struggling market. Signs of recovery in the economy are encouraging people to spend money on work they be have been putting off for years said Paul Zuch, president of the National Association of the Remodeling Industry.”
Home Improvement Business May Be Rebounding, Phoenix Business Journal, 2011
“The Glendale stats show home improvements have been growing steadily in the past four years.”
Home Renovators Seeing a Rebound, KXAN.com, 2011
“David Davison, the Austin President of the National Association of the Remodeling Industry states he’s seeing signs things are rebounding. Folks packed the Austin Home and Garden Show, exploring remodeling options.”