Posted: 9:37 pm

Copyright 2013 Albuquerque Journal

Spending on home remodels is expected to return to pre-recession levels nationwide by mid-2014, according to an index put out by Harvard University, but indications are it wont happen in Albuquerque.

The pace of remodel spending across the country is forecast to increase by double-digit percentages from the third quarter of this year through the second quarter of 2014, when it will peak at $148.9 billion, according to the Leading Indicator of Remodeling Activity by Harvards Joint Center for Housing Studies.

The $148.9 billion in spending in mid-2014 will eclipse the most recent high of $146.2 billion set in mid-2007. The nationwide pace of remodeling is forecast to slow down in the latter half of 2014.

The soft patch that homebuilding has seen in recent months, coupled with rising financing costs, is expected to be reflected as slower growth in home-improvement spending beginning around the middle of next year, said Eric S. Belsky, managing director of the center, in a prepared statement.

FOLKMAN: City has a unique housing market

At the national level, remodeling activity has tended to track with the pace of homebuilding, said Jim Folkman of the HBA, the homebuilders association in the metro. Both tend to reflect housing demand.

That is much less true in the Albuquerque market, however, he said. There really doesnt appear to be a one-to-one relationship between those two different construction activities in our metropolitan area.

For example, homebuilding hit a 30-year low in the metro in 2011 when building permits were issued for 1,192 new homes, he said. In stark contrast, 2011 was a robust year for home remodels, he noted.

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Report: remodeling spending bouncing back in 2014, but not in ABQ

Buckhead, GA (PRWEB) October 18, 2013

A leading Atlanta area home remodeling contractor says that rising demand for his firms services indicates continuing growth in the local housing market.

Dove Remodeling LLC, which has been in business for thirty years, has seen requests for kitchen, basement and bathroom remodeling by homeowners increase by twenty percent over the past year, according to Ed Emery, co-owner of the company.

This follows a similar rise the year before. In fact, since the housing industrys low point in 2009 there has been growth in remodeling and repair work each year, he notes.

A portion of this is being done by homeowners looking to make their homes more attractive to potential buyers, says Emery. It reflects confidence in their ability to successfully market their existing home and trade up to one that better suits their current needs. When homes arent selling you typically see far less of this sort of thing.

Despite many headwinds, the National Association of Home Builders predicts that the housing recovery will indeed pick up in the coming year. It has grown at several times the rate of the rest of the economy in recent business quarters, and double-digit increases in home prices over the past year have helped spur a housing reboundaccording to an October article appearing in Realtor Mag, an Association publication.

Dove Remodeling is a full service residential and light commercial construction company that is family owned and operated. Licensed by the state of Georgia, they specialize in serving home and business owners in the Greater Atlanta area.

For more information on the company or their remodeling services visit them online at http://doveremodeling.net or phone 678-246-9683.

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Atlanta Bathroom Remodeling Contractor Sees Strengthening Housing Sector

Copyright 2013 Albuquerque Journal

Spending on home remodels is expected to return to pre-recession levels nationwide by mid-2014, according to an index put out by Harvard University, but indications are it wont happen in Albuquerque.

The pace of remodel spending across the country is forecast to increase by double-digit percentages from the third quarter of this year through the second quarter of 2014, when it will peak at $148.9 billion, according to the Leading Indicator of Remodeling Activity by Harvards Joint Center for Housing Studies.

The $148.9 billion in spending in mid-2014 will eclipse the most recent high of $146.2 billion set in mid-2007. The nationwide pace of remodeling is forecast to slow down in the latter half of 2014.

The soft patch that homebuilding has seen in recent months, coupled with rising financing costs, is expected to be reflected as slower growth in home improvement spending beginning around the middle of next year, said Eric S. Belsky, managing director of the center, in a prepared statement.

At the national level, remodeling activity has tended to track with the pace of home building, said Jim Folkman of the HBA, the home builders association in the metro. Both tend to reflect housing demand.

That is much less true in the Albuquerque market, however, he said. There really doesnt appear to be a one-to-one relationship between those two different construction activities in our metropolitan area.

For example, home building hit a 30-year low in the metro in 2011 when building permits were issued for 1,192 new homes, he said. In stark contrast, 2011 was a robust year for home remodels, he noted.

Permits were issued for 1,134 home alterations and additions just within the city of Albuquerque during 2011, not that far off the pace of 1,404 remodeling permits issued during 2007, the final year of the housing bubble. In 2012, as the local pace of home building picked up, remodeling activity dropped.

While the Harvard index shows remodeling activity picking up at an accelerating pace nationwide, building permits in Albuquerque show home remodels are currently running at 10 percent below the 2011 level and more than 20 percent below the 2007 level.

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Report: Remodeling spending bouncing back, but not in ABQ

Carpenter Nick Rossi completes a door installation at a home in Watertown in this file photo. Spending on home remodeling is expected to continue to increase at double-digit percentage rates through the middle of next year, experts say. AP FILE PHOTO

Sun staff photos can be ordered by visiting our MyCapture site.

CAMBRIDGE -- The home-remodeling market's rapid growth is expected to taper during the second half of next year, according to a report from the Joint Center for Housing Studies of Harvard University.

Preliminary indications are that spending on home remodeling in the third quarter of this year totaled about $140 billion, up about 10 percent from the same period a year earlier, according to the Leading Indicator of Remodeling Activity (LIRA), released Thursday by the Remodeling Futures Program at the Joint Center.

Double-digit percentage gains are expected to continue through the second quarter of next year, before slowing, the report found.

"The soft patch that homebuilding has seen in recent months, coupled with rising financing costs, is expected to be reflected as slower growth in home-improvement spending beginning around the middle of next year," said Eric S. Belsky, managing director of the Joint Center, in a prepared statement. "However, even with this projected tapering, remodeling activity should remain at healthy levels."

The Leading Indicator of Remodeling Activity is designed to estimate national homeowner spending on improvements for the current quarter and subsequent three quarters. It's intended to help identify future turning points in the business cycle of the home improvement industry.

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Report: Home-remodeling gains to slow late in '14

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Chantilly, VA (PRWEB) October 15, 2013

Moss Building and Design, a family-owned remodeling company in Fairfax County, believes it is important to give back to the community they work in, and in the case of MOSS, the community that they live in.

This month Moss Building & Design will be donating its time to build the structure for the Bradley Farm Haunted House in Herndon, VA. The Haunted House will take place October 25th and 26th, 2013.

Not only is Moss Building & Design building the structure for the event, but they will be sponsors attending the event on October 26th from 1-5 p.m. They will be accompanied by their MOSS The Builder character who will be handing out construction hats and other goodies to children and all in attendance of the event.

Moss and Bradley Farm Haunted House are currently running specials on Facebook. Attendees of the event who Like Moss Building & Design on Facebook will receive discounted rates from Moss Home Services division. In addition, Moss Building & Design Facebook friends who Like Bradley Farm Haunted House will be entered in for a chance to win free tickets to the event from Moss.

Its another great way that we give back to our community in Northern Virginia. Moss and Bradley Farm Haunted House have really worked together to be able to give children and other attendees a great event to celebrate Halloween this year, said Jeannine Miller, Community Relations Manager at Moss.

Be sure to stop by the Bradley Farm Haunted House on Friday, October 25th from 6-10 p.m. and Saturday, October 26th from 1-5 p.m. and 6-10 p.m. for a fun Halloween event!

Homeowners wishing to learn more about MOSS remodeling services in Northern Virginia; including additions, kitchens, bathrooms, basements and home services, or would like a free consultation, are encouraged to contact MOSS or visit the company website at http://www.mossbuildinganddesign.com.

About Moss Building & Design and Moss Home Services:

For home improvement in Northern Virginia, you can count on Moss Building & Design. Moss Building & Design and Moss Home Services are award-winning, family-owned residential remodeling and home services companies located in Chantilly, Virginia. Since 2001, they have established a reputation for excellence in remodeling additions, kitchens, bathrooms and basements and performing home services throughout Northern Virginia. Their customers see them as a trusted partner and they are very proud of their exceptional 80 percent repeat customer and referral rates. Moss Building & Design has won consumer awards such as Angies List Super Service Awards for the last three years and has an A+ rating from the Better Business Bureau, as well as many other industry building and design awards.

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Northern, VA Remodeling Company, Moss Building & Design, Sponsors Local Haunted House Event in Fairfax County

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