It’s the dead of winter, and the housing market is taking off. Builders are celebrating, but one industry is getting left behind: remodeling. Due to low home sales last year, home remodeling is slowing down, projected to only grow 1.5 percent instead of its usual 5 percent. But the freeze may just be temporary: If homebuying picks up in the coming year as it is expected to do, the remodeling industry should pick up again next year. But if not, the housing shortage provides a unique opportunity for remodelers as well: Potential buyers locked into their current homes may stay long enough to decide to design their dream home in a remodel instead of buying a new one.
Advertisement
Related Stories
Where Are Americans Spending on Remodeling?
The NAHB recently released its 2018 estimates for home improvement spending across the country.
The report, which analyzed over 26,000 U.S…
Exterior paint tips for spring remodels
If properly applied, top-quality exterior paint should last for up to 15 to 20 years. March marks the start of spring, a time when homeowners look…
