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

As a writer for Custom Woodworking Business, Wood & Wood Products and WoodworkingNetwork.com, Matt reports on tools, trends, innovations and business methods in the woodworking industry. His experience spans e-commerce and marketing, and he specializes in developing web and media presence for businesses small and large. In addition to writing, Matt builds custom wood furniture pieces at his home in Chicago, Illinois. He can be reached at mschumake@vancepublishing.com

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