Higher Home Values Fuel Remodeling

With residential values rising and the number of houses to purchase at an all-time low, more homeowners are choosing to remodel. After a solid gain in 2013, housing analysts say that U.S. expenditures for home remodeling and improvements could hit a record high this year.

Americans spent about $310 billion on these projects last year. That’s up from a recent low of $276 billion in 2011. As in previous cycles, Americans are spending most of their remodeling dollars on new kitchens and bathrooms.

Are you planning to remodel in 2014?

 

 

 

Posted on February 28, 2014 at 12:48 am
MJ Steen | Category: Uncategorized | Tagged , , , , , , , ,

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