Remodeling Industry Shows Growth with Fourth-Quarter Data

Posted By Matt Schumake | Posted: 01/23/2014 11:33AM

 

DES PLAINES, IL — The National Association of the Remodeling Industry continues to show growth with its fourth-quarter Remodeling Business Pulse data of current and future remodeling business conditions. Although remodelers report the highest overall rating on business conditions, at 6.51, numbers in most other categories experienced a slight drop.

“Many remodelers entered 2014 with jobs in the pipeline, which hasn’t happened in the past few years,” says Tom O’Grady, chairman of NARI’s Strategic Planning & Research Committee. “Although inquiries, requests for bids and conversion of bids are down in Q4, that backlog has given remodelers confidence that the overall business conditions will remain positive.”

O’Grady says the fourth quarter of this year was very strong for many remodelers. He hopes average sale prices will continue to rise, keeping consumers comfortable spending money on projects that will increase the value of their homes.

 

About the Author

Matt Schumake woodworking student Woodworking Network

Matt Schumake

Matt Schumake is a writer and woodworking student who lives and works in Chicago. He can be reached at mjschumake@gmail.com

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