Replace and Remodel Activity Poises Dealers for Growth in 2015
The home remodeling industry is expected to continue its path of moderate growth through 2015, according to a recent Leading Indicator of Remodeling Activity released by the Remodeling Futures Program at the Joint Center for Housing Studies of Harvard University.
This looks to have positive implications for dealers, as 78 percent of those who participated in Window & Door’s annual Industry Pulse survey cited remodeling/replacement activity had the most positive impact on their business in 2014.
“Growth in home remodeling activity continues to hover around its longer-term average of mid-single digit gains,” says Abbe Will, a research analyst in the Remodeling Futures Program at the Joint Center. “Even though the housing market overall has been lackluster, many areas of the country remain economically healthy and remodeling contractor sentiment remains high.”
Click here to read more on the factors that weigh in on market improvement.