Welcome to the Cape Cod Builder blog

Remodeling Spending up 6%

Posted by Matthew Teague on Thu, Apr 26, 2012
Matthew Teague

IMAG0410 resized 600   The Joint Center for Housing Studies at Harvard University has revently published its Leading Indicator for Remodeling Activity assessment, and things are really looking up.  After two years at historic lows, the outlook is  promising for remodelers, and custom home builders, with an expected increase of 5.9% by the end of the year.  As discussed in previous posts, we here at REEF, Cape Cod's Home Builder, have seen increased demand for remodeling and renovation services over the last several months.  So what does this mean for the consumer? A few things:

  1. Increased demand will result in increased material and labor costs
  2. Builders and remodelers will begin to develop a backlog, delaying execution of projects
  3. Now is a great time to begin planning your next project and beat the rush!


Here is the full article from remodeling.hw.net: http://www.remodeling.hw.net/economic-conditions/lira-remodeling-spending-up-almost-6-by-years-end.aspx

Tags: Custom Homes, renovation, remodeling

Subscribe to Email Updates

Latest Posts