The Future of Remodeling

There’s a study available online from the Joint Center for Housing Studies that makes some interesting points about the future of the remodeling industry.

While the timing and magnitude of a remodeling turnaround are difficult to predict, it is clear that the home improvement industry can no longer rely as heavily on upper-end discretionary projects to drive growth in the future. Instead, it must capitalize on emerging opportunities as the market adjusts to new economic realities

And what are those emerging opportunities?

Of the sources of demand that are most likely to boost improvement spending, three stand out: the increasing need to upgrade the rental housing stock, …

… ongoing growth in the immigrant homeowner market, …

… and emerging interest in sustainable remodeling projects.

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