Thursday, April 28, 2011

Signs of Improvement for Remodeling are Just in Time for Remodeling Month

May is Remodeling Month. Did you know that NAHB and other sources are predicting growth in home remodeling expenditures in 2011 and 2012?

According to NAHB, Americans spent $116 billion on improvements to owner-occupied homes in 2010. In addition, NAHB is forecasting that number to increase to $131 billion by 2012 as the housing market recovers from the recession.

Locally, attendee research from our own Southern Home & Garden Show revealed that 17.7 percent of the Spring home show audience has plans for a major remodel within the next 12 months and another 40.2 percent are planning minor home improvements over the next year.

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