Americans To Spend $233 Billion On Remodeling In 2007
July 16, 2007
Americans will spend nearly $233 billion on home
remodeling this year, according to the National Association of Home Builders’
2007 industry forecast. That represents a 1.9 percent increase from the record
$228 billion spent in 2006, according to estimates from the U.S. Census Bureau.
Remodeling currently accounts for more than 40 percent of the home construction
industry by dollar volume.