Hardware Retailing The Industry's Source for Insights and Information
The number of housing starts is steadily increasing and home improvement remodeling is on the rise, according to an article from the Wall Street Journal. With these two factors slowly improving, the economy is making strides toward pre-recession levels.
The Bureau of Economic Analysis, which “tracks home improvements as part of the residential investment sector of gross domestic products,” indicates that Americans are making major improvements to their homes. Rather than moving, many homeowners are updating their current residences.
Indicators such as growing remodeling spending, rising home values and the National Association of Home Builder’s remodeling market index, which reached 57 in the third quarter, show that the remodeling sector is on the rebound.
To read more about growth in the remodeling industry, click here.
