True or false: We’ve reached the bottom of the home remodeling decline?

Harvard says it’s true, so it must be, right?

2010 is the Year of the Hammer, particularly by the second quarter, the study (released by the Remodeling Futures Program at the Joint Center for Housing Studies of Harvard University) suggests. Despite unstable housing market prices and roof-shattering foreclosure rates, potential remodelers may see “favorable financing costs” and increased home sales as reasons for taking on some nonessential improvement projects.

If the prognosticators in Crimson Country are correct, this is great news for contractors, remodelers and homeowners alike. It’s still too soon to pop the champagne, but tell us, what’s the first project you’ll hire-out?

Credit: Joint Center for Housing Studies, Harvard University