Wednesday, February 23, 2011

Report: Fewer remodel homes, but more want to - Tampa Bay Business Journal:

http://faylicity.com/book/book1/fstciti.html
The report finds that remodelinyg permit activity was down 20 percent during thefirst quarter, year-over-year. the report also found a 5 percent increase in the numbefr of homeowners who said they will probablg remodel in the next12 It’s the first increase since 2007, when more than 90 perceny of homeowners said they were thinking of And for those thinking about it, there’s another bright spot, accordinyg to the report. The cost of remodelinv is 20 percent less than it wasin 2006. Eight-two percenr said the cost to remodel is theirbiggestr concern.
Twelve percent planned to use economical materials whenthey remodel, while 12 percent said they plan to use expensivse materials, and the remaining 76 percent will use standard-priceed materials. Eighty-nine percent are changing their remodeling planx because of the currenteconomic recession.

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