Thursday, January 19, 2012

Home Remodeling Industry Trending Up Later This Year


 
The Joint Center for Housing Studies of Harvard University released positive information for the home remodeling industry today. 

The center released a statement today in addition to its latest data from its Leading Indicator of Remodeling Activity survey,  saying “home improvement spending should accelerate from a slow start and trend up later this year, a sign that the housing market is finally starting its slow recovery,” (BostonGlobe.com). 

If momentum continues to build during the second half of the year, “remodeling activity is on course to end 2012 on a positive note,” the center said (BostonGlobe.com).

In a statement, Kermit Baker, the director of the center’s Remodeling Futures Program, said: “Sales of existing homes have been increasing in recent months, offering more opportunities for home improvement projects.  As lending institutions become less fearful of the real estate sector, financing will become more readily available to owners looking to undertake remodeling,” (BostonGlobe.com).

If you’re looking for a place to start with your home renovations, look no further than your bathroom. Bathroom renovations increase the value of your house and can be done so at reasonable costs. Contact Lighthouse Shower Doors for more information at 516-543-8672 or LighthouseShowerDoors.com.

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