Remodeling activity has been rising steadily since the first quarter of 2010, according to the National Association of Home Builders’ Remodeling Market Index. Expected improvement in the job market, the rising stock market and the overall economy are beginning to increase homeowners’ confidence and remodelers are starting to see indications that business will pick up.
“We have seen the largest sales growth since 2005.” says Scott Berman, President of Florida Window and Door. “We experienced growth upwards of 15% last year and we expect that between the improvement in the financial markets as well as the continued issue of family mobility, homeowners’ will decide to do major improvements to their homes rather then attempt to sell the homes at a loss.”
Not all regions are showing improvement in the remodeling index. The Midwest and South have shown steady improvement while the Northeast and West have declined. However, future market indicators grew significantly in all regions.
“We expect the worst to be over, the housing stock in Florida has aged and with the issues of property insurance and the constant threat of a major hurricane the replacement window and door market in Florida will continue to grow at a reasonable yet healthy expansion rate” says Scott Berman, President of Florida Window and Door.