While repair and maintenance of residential structures has always been considered a dire necessity to keep homes and commercial buildings up to snuff, changing circumstances working against new home purchases are in the process of elevating home repair/maintenance and modernization to the status of a growth sector.
A dramatic post-recession (2008 to 2010) slowdown in flipping — the art of buying a new home, holding it for a short time period, then selling at a nice profit — has just about faded away as a significant factor in America’s huge residential housing subsector, even as the U.S. population continues to soar.