Thursday, January 27, 2011

Home Remodeling Expected to Increase in 2011

"Remodelers are starting to see an uptick in interest from consumers who are considering future remodeling projects," said NAHB Remodelers Chairman Bob Peterson.. "Home owners are also showing more willingness to undertake larger remodeling projects."

"Remodeling activity has been rising slowly since the first quarter of 2010. Expected improvements in the job market and the overall economy are beginning to increase homeowners' confidence and remodelers are seeing indications that business will pick up," said NAHB Chief Economist David Crowe. "More remodeling jobs will unfold as consumers in more secure financial positions enter the remodeling market. A more robust recovery in residential remodeling will depend upon future improvements in labor and credit markets."

Current conditions indices for remodeling improved in two regions, the Midwest and South.  Future market indicators grew significantly in nearly all regions.

To find a builder who can help you with remodeling projects, call or email me.  I work with all the builders in our central New Jersey area, and can give you recommendations for just about any project you want to do.

Joe Giancarli, SA
Real Estate Advisor

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