Home Remodeling Industry Poised to Fully Recover in 2015, According to Recent Harvard Report
According to a recent report from the Joint Center for Housing Studies at Harvard University, it looks like the home improvement industry is due for some much needed remodeling of its own. Following years of steadily declining revenue, experts say there is a rapidly growing number of homeowners who would rather improve than move.
However, according to the report, the home improvement industry as a whole has fared far better the general housing market, so much so that industry experts predict record spending on home improvements in 2015.
The industry is in the midst of reinventing itself after years of falling revenue, said Kermit Baker, director of the joint center's Remodeling Futures Program. The entire industry "is finding new ways to address emerging growth markets and rebuild its wo...