| Send2Press.com • Today is Saturday, February 11, 2012 | A Member of the Neotrope News Network |  |
|
|
NEWS ARCHIVES : U.S. and World News :
Business :
Reports and Studies
News
|
Press Release:
U.S. Home Remodeling Hits Bottom in First Quarter 2009: Starts Showing Signs of Recovery
SUNNYVALE, Calif., June 2 (SEND2PRESS NEWSWIRE) -- Recent surveys and reports show a picture of the home remodeling industry that is a mixed bag of good news and bad according to home remodeling website RemodelorMove.com. The bad news, the most recent RemodelorMove.com Remodeling Permit Activity Report shows a 20 percent decline in the number of remodeling permits issued during the first quarter of 2009, compared to the same quarter in 2008. The survey of 5,000 homeowners considering remodeling is conducted semi-annually.The first bright spot for the home remodeling industry comes from the first quarter 2009 report, which shows an increase of 5 percent in the number of homeowners who stated they will probably remodel in the next 12 months. This is the first increase reported in this benchmark measure of future remodeling plans since 2007, when more than 90 percent of the homeowners who were thinking about remodeling reported they would probably remodel in the next 12 months. Since 2007, this measure of homeowner sentiment has fallen steadily, first when home prices leveled off, then when home prices began to decline, and again following the start of the current recession. The second bright spot for the home remodeling industry is that the cost to remodel is now 20 percent less than it was in 2006, the result of savings from a variety of sources, including the economic stimulus package, reductions in prices for many materials and home products, and lower bids from contractors as they compete to keep their work crews busy. Details on these savings opportunities are available at www.remodelormove.com. Other findings from the First Quarter 2009 Remodeling Sentiment Report include: * 82 percent of respondents said the cost to remodel is their biggest concern; * 12 percent of respondents planned to use economical materials when they remodel, while 12 percent plan to use expensive materials, and the remaining 76 percent will use standard-priced materials; * 89 percent of respondents are changing their remodeling plans because of the current economic recession. About RemodelorMove RemodelorMove.com is the online resource for homeowners making the decision about whether it is best to remodel their current homes or to move. Interviews with report authors and report details are available by visiting www.remodelormove.com or contacting reports@RemodelorMove.com.
NEWS SOURCE: ABCD Publishing LLC
Send2Press® is the originating wire service for this story. Terms of Use. © ABCD Publishing LLC. All trademarks acknowledged.
THE CONTENT OF THE ABOVE PRESS RELEASE WAS PROVIDED BY THE NEWS SOURCE (ABCD Publishing LLC), WHO IS SOLELY RESPONSIBLE FOR ITS ACCURACY. FOR QUESTIONS ABOUT THIS STORY CONTACT THE NEWS SOURCE AND NOT THIS WEBSITE.
Journalist Resources:
Download original press release as issued including media contact information for ABCD Publishing LLC.
Additional News Releases on Similar Topics:
|
Subscribe to Send2Press®
Daily News Releases by E-Mail
Follow Send2Press on Social Sites: 
Additional News from
ABCD Publishing LLC : » A Double-Dip Predicted for Home Remodeling » Dwindling Home Equity Forces Homeowners to Examine Options » Industry Report Reveals Home Remodeling Projects Shrink as Homeowners Worry; But News Is Not All Bad » 13 Percent Increase in U.S. Homeowners Who Say They Will Remodel in 2010 » U.S. Home Remodeling Recovery Began in Second Quarter 2009
|
||||||||||||||||||||||||||
View our news channels by industry topics, by U.S. States, or by selected U.S. Cities:
|
Terms of Use and License
This "article format" version of the issued press release is Copr. © 1983-2012 Neotrope/Send2Press. You may freely link to this article version of the press release or may use the release text as the basis for an original article or news posting. If the content is copied verbatim via a scraping or copy/paste method, the news item must be properly "attributed" to Send2Press® Newswire as the originating wire service for this story (may not be posted on ANY site selling/offering SEO or PR services, newswire services, or adult content!). |
DISCLAIMER: the above press release content is believed accurate but not guaranteed, and is based on business news supplied by the source. The noted source is solely responsible for its accuracy. Financial/Stock news may contain forward looking statements. Neotrope/Send2Press (this website) makes no claims of accuracy or suitability for any purpose. Any opinions expressed by representatives of company(s) mentioned in news and profiles are solely those of the person indicated, and do not reflect any opinion or policy of Neotrope® or Send2Press. Your use of any information contained herein is done solely at your own risk, and you are fully responsible for using any information herein, or on sites mentioned or linked to in the article. All trademarks acknowledged.
REFERENCES: U.S. Home Remodeling Hits Bottom in First Quarter 2009: Starts Showing Signs of Recovery, RemodelorMove, Remodeling Permit Activity Report, survey of homeowners considering remodeling, remodel or move, ABCD Publishing LLC, online resource for homeowners making the decision about whether it is best to remodel their current homes or to move, press release, Jun 2, 2009. |
|
THIS PAGE MEDIA READS (by media and public, as of today): 3036 times (2 today, 12 this week, 17 this month, 49 this year)
Site Design and Content is Copr. © 1983 - 2011 Neotrope® - All rights reserved. Send2Press® is a reg. trademark and service mark of NEOTROPE.
Press Release Writing | About Send2Press | Meet Our Staff | Contact Us | Our Services | Help Desk | Legal | Privacy | How-To Articles | RSS Feeds | Journalist Tools | Client eMediaKits | Headline Feeds | Podcast | PR News Channels | Daily News Desk | Success Stories | PRTRax™ Reader Tracking | Targeted News Distribution | Internet Marketing Services | Order PR Services | Terms of Service (TOS)