U.S. Homes Systems sees cabinetry refacing jump
DALLAS-Cabinetry remodeling firm U.S. Home Systems, Inc. says it is still on track for 33% to 37% revenue growth in the second quarter. Citing recent the Harvard University  Leading Indicator of Remodeling Activity (LIRA) report, which sees "growth accelerating to the double-digit range in the first quarter of 2011," U.S. Homes says its  kitchen cabinet refacing products, bathroom remodeling products, storage organization systems for closets and garages and related accessories will see 33% to 37% growth second quarter.

LIRA reported "recovery in home improvement spending will soon be underway and remodeling spending is expected to increase on an annual basis by the end of the year," and  said recovery in home improvement activity will move beyond simple replacement projects and energy retrofits to broader remodels and upgrades.

"We were already seeing the benefits of these trends - with an expectation of revenue in the range of $34-$35 million, or a 33-37% increase compared to the second quarter of 2009," says U.S. Homes CEO Murray Gross. "We are optimistic about an improving recovery and we stated that we were gaining momentum each month of the quarter." Murray says the LIRA projects validate U.S. Home Systems' outlook.>>
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