The value of remodeling projects nationwide increased 20 percent in the second quarter compared to the same quarters of both 2007 and 2008, according to a RemodelorMove survey of remodeling permits.
RemodelorMove said the increase followed an earlier report that identified 5 percent of homeowners who said they planned to remodel in the time period. Most of the remodeling activity was in the Northeast and the Southwest. The rest of the country hasn’t seen much recovery, the survey found,
Authors of the report speculate that more people are spending money on remodeling projects because of declining costs and government stimulus payments.
Source: RemodelorMove.com (09/29/2009)
Monday, October 5, 2009
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