* Residential remodeling is arguably a better indicator of consumer sentiment than new construction, and is of similar importance as an indicator of national economic health. * Remodeling of existing homes is 17.5% above its 2009 housing bust level, but remains 10.8% below its 2005 housing boom level, and that new home construction is 48.9% above its 2009 level, but remains … [Read more...]

* Residential remodeling is arguably a better indicator of consumer sentiment than new construction, and is of similar importance as an indicator of national economic health. * Remodeling of existing homes is 14.4% above its 2009 housing bust level, but remains 17.3% below its 2005 housing boom level, and that new home construction is 40.6% above its 2009 level, but remains … [Read more...]

* Residential remodeling is arguably a better indicator of consumer sentiment than new construction, and is of similar importance as an indicator of national economic health. * Revised estimates indicate that remodeling of existing homes is 13.7% above its 2009 housing bust level, but remains 20.4% below its 2005 housing boom level, and that new home construction is 39.3% … [Read more...]

* Residential remodeling is arguably a better indicator of consumer sentiment than new construction, and is of similar importance as an indicator of national economic health. * Revised estimates indicate that remodeling of existing homes is 19.8% above its 2009 housing bust level, but remains 15.1% below its 2005 housing boom level, and that new home construction is 38.7% … [Read more...]

* Residential remodeling is arguably a better indicator of consumer sentiment than new construction, and is of similar importance as an indicator of national economic health. * Remodeling of existing homes has fully recovered since the housing bust, and is 3.7% above its 2005 level. In contrast, new home construction is recovering gradually and remains 54.0% below its 2005 … [Read more...]