Homeowners Look to Upgrade Their Existing Space as Economy Recovers

Atlanta, GA (PRWEB) August 01, 2014

The remodeling industry is experiencing a steady uptick, as the nations recovering economy encourages renewed homeowner investment. Following one of the most significant plunges in the U.S. real estate channels history, homeowners are now opting to consider their existing space for their residential upgrades.

During past recessions we experienced mortgage applications declining while interest rates rose resulting in a drop of new homes being constructed, explains Steven Kleber, president of the National Remodeling Foundation. Remodeling permits by contrast during those cycles traditionally increased, as homeowners sought to capture equity in the rising values of their homes. However, during the most recent housing crisis, remodeling permits simultaneously decreased in concert with new home construction as foreclosures and declining home values combined negatively to shake homeowner confidence. The good news is were finally seeing evidence of that long anticipated turn around.

In this current recovery, homeowners are becoming more confident, demonstrating pent-up demand for home and building products. And they are seeking to take advantage of efficient use of their existing space both inside and outside of their homes, further claims Kleber.

In fact, The Conference Board this week reported that their July Consumer Confidence Index soared to 90.9, the highest level since October 2007 while they forecast that the trend was likely to continue.

Stainless Steel and the Pro-sumer

A new type of consumer the pro-sumer has emerged during this current wave of remodeling. These homeowners desire commercially proven, professional grade products that are fabricated and re-purposed for specific residential applications.

For example, the Feeney, Inc. LED Rail Light Kits for DesignRail provide unique illumination for outdoor living environments for consumers looking no further than their own backyards for home space to improve. Originally designed for use on sea-faring vessels to resist natures destructive forces upon sails, Feeneys stainless steel CableRail railing products are finding a new market among homeowners who desire attractive deck railing that wont impede views of their landscape.

Similar in attributes, stainless steel cabinetry is gaining popularity in weather-sensitive, outdoor living applications. Consistently specified by restaurant designers for commercial kitchen surfaces where durability and easy-to-clean performance has been critical for food preparation areas, stainless steel now is being fabricated into cabinetry by Danver made in America in Wallingford Connecticut. For many consumers, not just any plain silver grey finish will suffice and responding to that demand, Danver has introduced coated stainless steel doors in designer color finishes including wood grain patterns that now provide homeowners with outdoor kitchens that feature every convenience of traditional interior environments.

Social Cooking and Living Life Inside-Out

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Homeowners Look to Upgrade Their Existing Space as Economy Recovers