Remodel Boom Seen Continuing

While the new [tag]construction[/tag] for [tag]single family dwelling[/tag]s may be slowing, [tag]baby boomer[/tag]s and gen-x-ers are at the forefront of the remodeling boom.

[tag]Home improvement[/tag] spending by home owners grew by 4.5 percent last year, with owner-occupants investing $149.5 billion in their homes, Baker reported. Although rising short-term interest rates and slower price appreciation has tempered owner spending, he said, the home improvement market “continues to be a major sector of our economy.”

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