May is Remodeling Month. Did you know that NAHB and other sources are predicting growth in home remodeling expenditures in 2011 and 2012?
According to NAHB, Americans spent $116 billion on improvements to owner-occupied homes in 2010. In addition, NAHB is forecasting that number to increase to $131 billion by 2012 as the housing market recovers from the recession.
Locally, attendee research from our own Southern Home & Garden Show revealed that 17.7 percent of the Spring home show audience has plans for a major remodel within the next 12 months and another 40.2 percent are planning minor home improvements over the next year.