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Remodeling Spending At All-Time High

May 2, 2006
Americans spent an estimated $210 billion on residential remodeling in 2005, according to the National Association of Home Builders' analysis of recently released third-quarter remodeling spending from the U.S. Census Bureau. In addition, the NAHB Remodelors™ Council forecasts the largest increase in spending in 2006 in more than 10 years to a record $238 billion, a 13.2 percent jump. The association attributes the record numbers to the 2005 hurricanes, owner equity and low refinance rates, and the rebound in the rental market.

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    • PMC COLUMNS
      • Dave Yates: Contractor’s Corner
      • John Siegenthaler: Hydronics Workshop
      • Kenny Chapman: The Blue Collar Coach
      • Matt Michel: Service Plumbing Pros
      • Scott Secor: Heating Perceptions
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      • James Dipping: Engineer Viewpoints
      • John Seigenthaler: Renewable Heating Design
      • Lowell Manalo: Plumbing Essentials
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