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? The "Official" Real Estate Industry Blog |
| Gen Y Goes House-Shopping ?
April 19, 2006
Remodeling Growth Is Cooling, Too
It's not just the growth rate of construction that's tapering off. According to a study released today by Harvard's Joint Center for Housing Studies, spending on remodeling grew a modest 4.5% over the past year. Last year at this time, the one-year growth rate was 20%.
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I think the remodeling growth has significantly slide over the past few years, the reports just made it concrete and official for those who thinks that the construction's growth rate is the only one who's taking a dip. Maybe if officials are more prone to this kind of reports maybe they can do something about it.
Posted by: Jron Magcale at August 4, 2006 12:28 PM