Home
Global Supplier Directory
APPLIANCE Engineer
Supplier Solutions
APPLIANCE Line
Whitepaper Library
Calendar of Events
Association Locator
Contents Pages
Market Research
Subscription Center


 
Daily News

U.S. Home Remodeling Recovery Began in Second Quarter 2009
Oct 8, 2009
 Printable format
 Email this Article
 Search

There was a second-quarter increase in remodeling activity in certain regions of the United States for the first time in more than a year, according to RemodelorMove.com’s U.S. Remodeling Activity Report for the second quarter of 2009.

Last week's report, a sampling of U.S. remodeling permits, showed the value of remodeling projects in the U.S. increased in the second quarter over the first quarter of 2009. The size of these projects is the most notable change—the average expenditure by homeowners in the sampled regions for permitted remodeling projects was more than 20% greater than spent in the same quarter of both 2007 and 2008.

The report’s authors said, “It is exciting to begin to see consumer confidence returning to remodeling. This increased activity was not surprising, however, as predicted by the Spring 2009 Remodeling Sentiment Report, which reported a 5% increase in the number of homeowners who reported they were likely to remodel in the next 12 months.”

The research shows that recent government stimulus packages, rebates for energy efficient remodels, and steep reductions in overall remodeling costs have encouraged many homeowners to begin remodeling projects in the second quarter of 2009 that were previously on hold. These incentives and discounts, as well as price reductions from contractors hoping to keep workers busy, have resulted in a combined reduction in remodeling costs of approximately 20% compared to similar projects in 2006.

Back to Daily News

 

Daily News

...........................................................

Nov 21, 2014: Electrolux: new U.S. fridge efficiency requirements are more complex than anticipated

Nov 21, 2014: Whirlpool brand launches Perceptions of Care video

Nov 21, 2014: Hon Hai 3Q profit $1 billion

Nov 21, 2014: Environmental Product Declarations for aluminum product types released

Nov 20, 2014: Report: Drop in affluents' consumer confidence may foretell signal trouble ahead for some retailers

More Daily News>>

RSS Feeds
.........................................................
Appliance Industry
Market Research

...........................................................

November 2014: U.S. Appliance Industry: Market Value, Life Expectancy & Replacement Picture 2014
October 2014: Portrait of the European Appliance Industry
September 2014: Appliance Industry Focus: HVAC
June 2014: Appliance Magazine Market Insight: April 2014




 
Contact Us | About Us | Subscriptions | Advertising | Home
UBM Canon © 2014  

Please visit these other UBM Canon sites

UBM Canon Corporate | Design News | Test & Measurement World | Packaging Digest | EDN | Qmed | Plastics Today | Powder Bulk Solids | Canon Trade Shows