Home Remodeling Home Remodeling is Definitely on the Rise
The Real Estate market has been moving forward at a fast pace. This market has begun slowing down a bit. Homeowners now appear to be staying home and adding onto their current home.
The long term growth in this area has been 5%. Currently the rise in the first quarter of this year is 4.5%. Impressive to say the least. This represents spending of $155 billion more than the amount spent in the previous 12 months.
The frenzy in home buying is definitely slowing down. Normally the spending associated with purchasing a new home usually lags behind. David A Seiders, chairman of the home builders group, says The run-up in home sales during the past five years will fuel remodeling growth in the next several years, and the long-term growth looks very solid as well.
This trend will provide more jobs in the home remodeling industry, including those entrepreneurs in the market place. The Kitchen and Bath Industry Show in Chicago seemed to indicate the growth seems to be in the upper end of the market. Big ticket manufacturers report 20 to 25 percent increase in the sales for the first quarter of 2006.
Many new products debut at the Kitchen and Bath Shows and Mays National Hardware Shows. Consumers are sure to find what fits their needs.
Another trend in the market place is using Glass Block to decorate the indoor and outdoor areas of homes and businesses. Glass block has been used in showers and windows for bathrooms in higher priced housing. Home owners are only limited by their imagination when considering this durable material.
Homeowners are not limited in finding new ways to remodel their homes. Changing cabinets, adding lighting, updating bathrooms can definitely improve the value and comfort of a home.
Nan Wood is an Accountant and RealEstate with an interest in home projects
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