Conditions improving in housing and home remodeling markets
Renewed activity in the housing industry in recent months bodes well for interior designers and remodelers. Housing starts and sales have lagged for most of 2014, dampened by bad weather, world events and a mixed bag of unfavorable economic, employment and lending news. The latest indicators from industry groups, however, show business is gradually improving and is likely to continue to do so for some months to come.
Just this week, the National Association of Home Builders (NAHB) announced that builder confidence in the market for newly-built single-family homes rose four points in November on the NAHB/Wells Fargo Housing Market Index (HMI). The boost comes on the heels of a five-point dip in October, which was seen as a temporary adjustment following four months of gradual increases.
This article was featured in an edition of AAOA Today and was hand selected by our editors as a piece of interest for American Apartment Owners Association Members.
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