More Homeowners Spruce Up Their Homes

We are all starting to re-evaluate pending home remodeling projects. There are many homes that are doing significant home improvements in our neighborhoods. The National Association of Home Builders’ Remodeling Market Index shows remodeling activity at its highest reading since the first quarter of 2004. The index was at 57 in the fourth quarter of 2013. Any reading above 50 indicates more remodelers report market activity is higher than those who report lower. The index’s future market conditions rose to 58, the highest reading since recording of that measure began in 2005.

“Steady existing home sales, historically favorable interest rates for home buyers and rising home equity have combined to release some of the pent-up demand for home remodeling from the past few years,” says NAHB Chief Economist David Crowe. “This quarter’s RMI reading shows that the slow but steady improvement in the remodeling market will continue in 2014.”

The National Association of the Remodeling Industry’s fourth quarter Remodeling Business Pulse data also showed an uptick in remodeling activity.

The Stovall Team knows your neighborhood. We have lived and worked and owned our homes in Fountain Valley and Huntington Beach for over three decades. Call us today for ideas for your floorplan. Chances are high we have seen and/or sold your model in many different configurations.
You can reach Micah Stovall at 714.343.9294 or [email protected] or Steve Stovall at 714.378.3438 or [email protected].

Source: Realtor Magazine, January 27, 2014 article and Stovall Team