Cabinets & Closets Expo
Houzz Inc.'s Lindsey Thudin will be the keynote speaker for the Day 2 of the 2017 Cabinets & Closets Expo, April 13, at the Schaumburg Renaissance Center, near Chicago.
“Based on some estimates, residential remodeling activity in 2016 surpassed the pre-recession peak, and by far outpaced the recovery of the new residential construction sector. Several market fundamentals propelled this expansion, including aging housing stock, recovered home prices, homeownership and home buying concentrated in older and more established households, and finally a massive Baby Boomer population planning retirement in current homes, among others,” said Nino Sitchinava, principal economist at Houzz.
“Houzz research finds that the steady growth of the residential remodeling spend is driven by homeowners tackling multiple projects at a time, embarking on projects with a large scope, and/or installing high end finishes. This trend is likely continue into 2017.”
2017 State of the Industry: Major Findings
Q4 2016 Houzz Renovation Barometer: Continued Optimism in Renovation Market Gains
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