Home Remodeling Is On The Rise – Why The Upswing for Homeowners

June 7, 2018

Remodeling Forecast

Like any industry, remodeling has ebbs & flows.

For 2018, the forecast is exceptionally good. According the Joint Center for Housing Studies of Harvard University, and the Leading Indicator of Remodeling Activity (LIRA) report released in April 2018, a robust pace of spending and investing in repairs and renovation is expected to stay strong well into 2019 with some looking to someplaces similar to https://www.shuttercraft-oxford.co.uk/ to help with their remodeling.

Chris Herbert, managing director of the Joint Center for Housing Studies, says “Recent strengthening of the U.S. economy, tight for-sale housing inventories, and healthy home equity gains are all working to boost home improvement activity.”

Needless to say, there are many reasons why investing in remodeling in 2018 into 2019 might be the right time for you to consider updating your home, especially if you can also arrange rubbish removal hire as well to make the process much easier (click here to view services). Here are just a few examples of why updating your home now is the right time:

  • Lifestyle Changes
  • Lock in a Lower Interest Rate
  • Reduce Maintenance Cost and get 3D drawings of the plans in action to visualise your remodel
  • Consider the “Enjoyment Factor”

Mark Boud, chief economist at Metrostudy. says that “Americans are not only undertaking a greater number of remodeling projects, but larger ones. And as a reflection of the long, slow economic expansion that we have been in, many more Americans are just now initiating replacement-type projects that had been deferred during the recovery from the Great Recession. We expect another strong year for the remodeling industry in 2018, and are waiting to see what effect recent tax cuts have on the economy. Early surveys suggest some Americans are increasing their remodeling budgets due to their taxes being lowered.”

Have you been putting off updates that you’ve wanted for several years? Take a minute to send the Carmel Builders team a note on our contact form, or give us a call (262-255-2230) to ask questions. We are here to help!