07-30-09 Recession Easing The economy is beginning to show signs of stabilizing in some U. S. regions, boosting hopes of a broader-based recovery this year. A Federal Reserve report shows that in most regions the recession was easing or that activity had "begun to stabilize, albeit at a low level".
11-16-11 Remodeling Improves In a recent HousingZone.com article, the September Build-Fax Remodeling Index reports continued nationwide record-setting pace, according to permits issued. September's level of remodeling activity was the highest since BuildFax introduced the index in 2004 and the 23rd straight month of increases. "Mortgage rates continue to be near record lows, and as homeowners from coast to coast refinance, they are continuing to update their current home and invest in their properties," said Joe Emison, Vice President of Research and Development at BuildFax. "The data from BuildFax show that homeowners are not only doing important 'maintenance' projects, such as fixing their roof, but also taking on projects that add to the ‘livability’ of their homes by adding decks, remodeling their bathrooms and updating their kitchens. These are immediate fixes they will enjoy and that potential buyers look for." Here are the most popular types of residential remodeling projects since 2006: roofs - 21%; decks - 9%; bathrooms - 7%; garages - 6%; kitchens - 5%; basements - 3%.