A glimmer of good news: Remodeling holding steady
We’ve all been inundated with the bad news from the housing industry: Home sales are down. Foreclosures are up. Housing prices are dropping or are stagnant. Home builders are going out of business.
It’s depressing. I know.
So how about a small piece of good news? Here it is: According to the National Association of Home Builders, home remodeling work remained steady in the first quarter of this year.
Of course, this news isn’t all stellar. The amount of remodeling work is still down from the days of the real estate boom. And economists with the home builders’ association say they don’t expect remodeling to begin bouncing back to pre-slump days until a gradual recovery begins in 2009.
Still, the remodeling industry is providing some boost to a very weak home building business. For that, at least, we should be grateful … at least a little bit.
Tags: housing slump, national-association-of-home-builders, remodeling, remodeling industryRelated Stories
POSTED IN: Buying a Property, Insights and Commentaries, Real Estate Tools, Real Life Stories, Road to Profits, Selling a Property
0 opinions for A glimmer of good news: Remodeling holding steady
No one has left a comment yet. You know what this means, right? You could be first!
Have an opinion? Leave a comment: