Remodeling Rebounds, Business and Industry Trends Analysis

Many homeowners are remodeling in order to increase energy efficiency, while others capitalized on tax credits for new appliances and other energy saving improvements.  Yet another reason Americans are remodeling is to add space for live-in relatives such as grown children or aging parents.  The strong market for both new construction and remodeling of existing homes can be clearly seen in the financial results of home improvement chains Home Depot and Lowe’s.   Important trends in remodeling: ·       Many cost-conscious consumers are in do-it-yourself (DIY) mode to reduce costs.  In particular, younger homeowners are keen on DIY.  One interesting result…

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