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2011 could end up being the first time since 2006 when spending on home improvements increased...

  • Friday, January 20, 2012, 8:32 AM ET
    2011 could end up being the first time since 2006 when spending on home improvements increased from the prior year, according to IHS Global, which sees the trend continuing in 2012. "People are remodeling instead of moving," says the chief economist with the NAHB.
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This news story has 3 comments:

  •  
    what a statement.."people are remodeling instead of moving"...duh!!!!
    how about people are repairing instead of remodeling...probably...
    20 Jan 2012, 08:36 AM Reply Like
  •  
    Absolutely ! People do not increase their hosuing upgrades on an asset that is decreasing in value by the day. However people that purchase a property at 1/3 of it's previous value have no problem doing a few cleanup projects.
    20 Jan 2012, 08:39 AM Reply Like
  •  
    Know a few young people picking up "cheap" homes and getting dad to help remodel. No-brainer - lots of time cheaper than renting. And youngman - repair or remodel - I myself am doing a bathroom redo - not a repair, just an update. All homes need an update in one room or another after several years - and people are updating rather than moving into a spanking new home. Like they used to when I was a kid.
    20 Jan 2012, 09:24 AM Reply Like
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