Homeowners Personalizing Homes During Remodel

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The National Association of the Remodeling Industry reveals that homeowners are personalizing their space during a remodel as the tough housing market forces more people to stay, rather than move.

According to a poll on www.NARI.org, 26 percent of respondents are planning to stay an additional 16 to 20 years in their homes because their home values have decreased during the recession. Twenty-three percent reported they are going to stay an additional six to 10 years in their homes.

The U.S. ...

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Remodeling is Back!

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NAHB’s quarterly remodeling index, rose to the highest level since 2006 for the January to March quarter.

A lot of evidence indicates the growth will be sustained.

During the Housing Bubble, there was a lot of remodeling at the top because many people were buying homes, and they naturally want to put their personal touches on those homes.

We also saw a lot of remodeling during the housing boom because so many borrowers took all that bloated equity out of their homes to ...

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Remodelers Expect Market Gains During 2011

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The latest NAHB Remodeling Market Index edged up to 41.5 in the fourth quarter of 2010, compared to 40.8 in the third quarter. An RMI below 50 indicates that more remodelers say market activity is lower compared to the prior quarter than report it is higher. The RMI has been running below 50 since the final quarter of 2005.

The overall RMI combines ratings of current remodeling activity with indicators of future activity like calls for bids. In the fourth quarter, ...

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Home Remodeling is Picking Up Again as Consumers Spend More

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With the economy starting to recover, consumers feel better about spending again — and that spare cash is going back into their homes.

Home remodeling is on an upswing, according to the Sun-Sentinel.

Scores of foreclosed properties need a ton of TLC, prompting buyers to renovate those tired or tattered spaces. Many other homeowners want to improve because they don’t plan to move — either by choice or by circumstance.

Some love their homes but say they’d be more comfortable living ...

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Best Bang for the Remodeling Buck

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By Mary Umberger

When it comes to remodeling, Americans are thinking small.

It’s a reflection of the times we live in, according to Sal Alfano, editorial director of Remodeling magazine, a trade journal that each year conducts an extensive study of the typical costs of home-remodeling jobs, compared to ballpark estimates of how much of those expenditures homeowners would recoup at sale time.

The short version: Economic realities have generally snuffed out over-the-top kitchen remodels and room additions in favor of more modest ...

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