Welcomed Bright Spot
The National Association of the Remodeling Industry (NARI), of which Villa Builders is a member, shared an April 15, 2010 press release from the Joint Center of Housing Studies. The press release stated that “Home improvement spending will recover this year, according to the the Leading Indicator of Remodeling Activity (LIRA) released today by the Remodeling Futures Program at the Joint Center for Housing Studies of Harvard University. The LIRA suggests annual spending will accelerate, with nearly five percent growth in 2010.”
In the beginning of March, we were seeing a dramatic increase in home remodeling interest. This forecast is certainly a welcomed bright spot on the horizon.