Home improvement industry could see fiscal facelift
Work in home improvement? You might see your bank balance improve, too.
A study by Harvard’s Joint Center for Housing Studies predicts your industry will enjoy a big bounce this year.
Yearly spending on home renovations will see double-digit growth through the third quarter, according to this article by CE Pro magazine.
The study, dubbed the Leading Indicator of Remodeling Activity, looks at several factors to make its projections, from pending home sales to business at building supply stores.
“The solid momentum behind home building activity, existing home sales, low financing costs and remodeling contractor sentiment all point to a solid start to the new year for home improvement spending,” said Kermit Baker, director of the Remodeling Futures Program at the JCHS, according to CE Pro’s story.
- Lowe’s to Boost Seasonal Hiring 13% on Housing Rebound (Bloomberg)
- All Signs Point to Strong Boomer-Driven Home Remodeling Rebound (Senior Housing News)