Good news for the home building industry. Last week (March 2013) the Commerce Department report showed the rate of single-family home construction at its highest level in four and a half years, the results of this study point to a strengthening economy, housing and renovation market. Yeah!
A survey done by the popular Houzz site showed that 54% of those polled are planning to do a renovation project on their home this year. All that “pent-up” energy is about to be released into newly designed bathrooms, kitchens and more. In fact, 28% are sprucing up their bathrooms, while 23% are planning to tackle their kitchen or an addition.
Here in Asheville, I have definitely seen an increase in activity. The projects on our schedule this year include a mix of kitchen and bath remodels with several additions, as well as some new construction.
We’re happy to see people investing in their homes.