A strengthening in the housing market over the past 18 months is translating into increased spending on home improvements, and remodeling is expected to continue growing for the foreseeable future. The four-quarter moving rate of change for remodeling activity measured 4.5% in the first quarter of 2013, according to the U.S. Census Bureau, and is expected to rise into the high teens in the near future.
Tag: housing market
Consumer sentiment regarding the housing market continues its modestly positive trend, according to new research from Fannie Mae. Supported by the expectation that home prices will rise in the next year and more saying it is a good time to sell, Americans have maintained a cautious but improving view of the housing market and homeownership. However, their stalling household financial expectations and declining economic optimism will likely mean the rate at which the housing market recovers will remain tempered.