Home improvement spending is set to recover this Fall, according to the recent forecast from the Remodeling Futures Program at Harvard University’s Joint Center for Housing Studies. This after a decline from 2009 levels, which were low enough as it is.
Conversely, July’s NAHB/Wells Fargo Housing Market Index fell to 14, down from June’s 16 score, indicating that builders and consumers aren’t in the most optimistic of moods. Still, there were some positive signs coming out of June. Single-family starts fell only 0.7%; some see this as a sign that they are hitting bottom and gearing for an upturn. You can read the full report on the NAHB site.
About a month ago we reported on the “State of the Nation’s Housing 2010,” an assessment issued by the USGBC and Harvard University, which also had a mix of ups and downs.
Are you involved in building or remodeling? What’s you take on the current state of the industry?
Credit: Replacement Contractor Website