The broader economy is starting to show small signs of improvement and this fact is projected to show up in the form of an increase in home remodeling expenditures in 2010. A number of economic measuring sticks now point to a slow but gradually improving economy which is supported by the fact that consumers have begun to increase their discretionary spending.

Three factors are playing a big role in the early stages of this recovery:

* A modest increase in house prices in many markets around the country

* Both new and existing home sales are showing continued strength

* Employment is beginning to stabilize and even improve in some sectors as employers are starting to feel more positive about the short and long term economic outlook

Harvard’s Joint Center for Housing Studies predicts that Remodeling expenditures will increase by 5% in 2010 which is great news for a market that’s been in the dumps for nearly two years. Our business at AnchorBayTile really ebbs and flows with the swings in the remodeling market so we welcome the positive news forecasted by the experts.

We like to keep a close eye on the numbers and report our thoughts and opinions from time to time as there is more news.

This entry was posted on Wednesday, April 28th, 2010 at 5:00 am and is filed under In The News. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.