The remodeling outlook is favorable for 2015 both locally and
nationally according to the National Association of Home Builders
(NAHB). As there are many types of memberships for a traditional home
builders association, there are many facets of the national real estate
market that the NAHB keeps tabs on with remodeling and renovations being
one of them. The remodeling business tends to
trend upwards and
downwards with the new
home and existing homes market. Whether homeowners are getting their
house ready to put on the market and sell, or they are building an
addition onto their existing home in order to make more room because
they feel the real estate market may not be stable enough to move makes a
difference as to how much business a person in the renovation business
can get.
According to the press conference hosted by the NAHB Remodelers at
the International Builders’ Show (IBS) in Las Vegas, the remodeling
business forecast projects a 3% growth year-over-year compared to 2014,
and another 1.5% growth is expected for 2016. The panel of remodelers
who attended the press conference commented that it was changing
homeowner demographics and financial security that have loosened up the
market to allow more people to have renovations done to their homes.
“Remodelers are responding to calls from home owners on steadier
financial footing than recent years,” said 2015 NAHB Remodelers Chairman
Robert Criner, GMR, GMB, CAPS, CGP, a remodeler from Newport News, Va.
“From major kitchen remodels and bath facelifts to room additions, the
members of NAHB Remodelers look forward to providing professional
remodeling services in 2015.”
According to the NAHB, the RMI (Remodeling Market Index) which
surveys the confidence of remodelers in 4 categories – calls for bids,
amount of work committed for the next three months, backlog of jobs and
appointments for proposals – resulted in a score of 60 (any score above
50 means that confidence is high). In all 4 categories, the RMI saw an
increase, and the score of 60 was a record high for this survey. Many
economists, remodelers, contractors, and builders alike are cautiously
optimistic that the real estate market has taken an upward turn that
should not reverse itself. Ron Lee Homes in St. Tammany Parish
Louisiana now offers complete remodeling services for the St. Tammany
Parish area. For More Information about remodeling your home, Contact Ron Lee Homes today at 985-626-7619 or E-mail Info@RonLeeHomes.com.
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