2014, APRIL 15
Home Remodeling Projects On the Rise According to Latest LIRA Study
The second quarter of 2013 saw an upward trend in home remodeling projects that have continued to spike throughout the first three months of 2014. Double-digit growth in the residential home remodeling industry is expected to continue into the third quarter according to the Leading Indicator of Remodeling Activity (LIRA), a tool developed by the Remodeling Futures Program at Harvard University. It is expected to stay strong but moderate to the mid-single digits in the 4th quarter.
The rise of home prices and increasing stability in the housing market have contributed to the stimulation of remodeling efforts as home owners take on previously deferred projects.
Now is the time to start your remodeling project. Let the award-winning team at Commonwealth Home Design realize your dreams and help improve your quality of life!