According to the National Association of Home Builders (NAHB), the Remodeling Market Index (RMI) is showing steady improvement. More homeowners are beginning projects to remodel, upgrade, or repair their current homes.
NAHB Remodelers Chairman Bill Shaw says “The remodeling industry ends 2013 on a high note as remodeler confidence holds steady at a historically high level. We expect to keep this positive momentum going in 2014 as more homeowners will continue to take on remodels and repairs that had been postponed in the downturn.”
NAHB Chief Economist David Crowe adds “Steady, existing-home sales, historically favorable interest rates for homebuyers and rising home equity have combined to release some of the pent-up demand for home remodeling from the past few years.”
So whether you’re looking for that brand new kitchen, to install new flooring, or to create a more open concept floorplan – now’s the time!
Hampton Roads Real-e-statement is written by Alyssa Godwin, a Realtor with Liz Moore and Associates. For questions regarding buying or selling contact Alyssa at 757-329-6161 or firstname.lastname@example.org. You can also find Alyssa on Facebook or on the web at www.lizmoore.com/alyssagodwin.