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Remodeling Growth Is Cooling, Too

Posted by: Peter Coy on April 19, 2006

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%.

Reader Comments

Jron Magcale

August 4, 2006 12:28 PM

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.

Jron Magcale


August 18, 2007 9:54 AM

Remodeling follows real estate market. They will get worse in next a couple years especially here in South Florida


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BusinessWeek editors Chris Palmeri, Prashant Gopal and Peter Coy chronicle the highs and lows of the housing and mortgage markets on their Hot Property blog. In print and online, the Hot Property team first wrote about the potential downside of lenders pushing riskier, "option ARM" mortgages and the rise in mortgage fraud back in 2005—well ahead of many other media outlets. In 2008, Hot Property bloggers finished #1 in a ranking of the world's top 100 "most powerful property people" by the British real estate website Global edge. Hot Property was named among the 25 most influential real estate blogs of 2007 by Inman News.

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