Spending on home remodeling is expected to peak during the third quarter of this year, according to a report released by the Joint Center for Housing Studies of Harvard University. AP FILE PHOTO

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CAMBRIDGE -- Strong year-over-year growth in the home-remodeling market is expected to moderate by year's end, according to a report released Thursday by the Joint Center for Housing Studies of Harvard University.

According to the Leading Indicator of Remodeling Activity, national spending on home remodeling is expected to peak at $158.9 million during the third quarter of this year, up 14.5 percent from the same period year earlier.

The study estimates spending will slip to $153.1 million in the fourth quarter, although that figure is still represents a 9.4 percent gain from the same period in the year before.

Experts suggest sluggishness in the housing market, specifically in home sales, will be the reason for decelerated growth.

"Home-improvement spending has already recovered a significant share of its losses from the downturn," said Kermit Baker, director of the Remodeling Futures Program at the Joint Center, in a statement. "As spending moves into the next phase, we expect to see recent double-digit growth tail off to its longer-term average in the mid-single-digit range."

The LIRA, measured as an annual rate-of-change of its components, provides a short-term outlook of homeowner remodeling activity and is intended to help identify future turning points in the business cycle of the home-improvement industry.

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Home-remodeling growth expected to moderate

Chantilly, Virginia (PRWEB) April 18, 2014

Moss Building & Design announces the appointment of Dave Greksouk to the award-winning home improvement company as Vice President of Sales. This addition to the Moss team emphasizes the steady growth of the Chantilly-based company whose focus is on quality service and a streamlined remodeling process.

Im very excited about the addition of Dave as part of the Moss team, says Chief Operating Officer, Paul DesRoches. His attention to detail on the levels of sales approach and execution will be integral to improving Moss standards and the quality of the remodeling experience that we can offer our clients.

As Vice President of Sales, Greksouk will focus on maturing the existing sales processes of Moss as well as strategizing Moss approach on delivering their different remodeling divisions.

Prior to his new position at Moss, Greksouk was Regional Sales Manager at K.C. Company, a company that services custom home builders, remodelers, and architects. His previous industry-related experience includes 8 years as Branch Manager for Reico Kitchen and Bath. Greksouk graduated from Virginia Tech and lives in Alexandria with his wife and two daughters.

Homeowners who want to learn more about Moss Building & Design or would like a free consultation are encouraged to visit the companys website at http://www.MossBuildingandDesign.com.

About Moss Building & Design Moss Building & Design is an award-winning, family-owned residential design and remodeling company located in Chantilly, Virginia. Since 2001, they have established a reputation for excellence in remodeling additions, kitchens, bathrooms, basements and home services throughout Northern Virginia.

Moss Building & Design has won numerous consumer awards from Angies List, "Northern Virginia Magazines Best Of" in the remodeling category and an A+ rating from the Better Business Bureau, as well as many industry remodeling and design awards.

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Moss Building & Design Welcomes Vice President of Sales, Dave Greksouk

The National Association of the Remodeling Industry (NARI) recently honored Richmond-area remodeling contractors HomeMasons and Hampden Hill Custom Building with 2013 South East Regional Contractor of the Year (CotY) awards.

Manakin-Sabot-based HomeMasons won in the Residential Bath $30K-$60K category; and Richmond-based Hampden Hill was recognized for Best Residential Kitchen $80,000 to $120,000 in its annual awards competition.

Both firms were multiple-project honorees in the 2013 NARI Central Virginia Chapter CotY program.

Additionally, the principals of each winning firm were business associates, working together for a number of years.

We are happy to be part of the NARI organization whose members consistently create home improvements of this very high caliber. And, of course, honored to be recognized as creating the best of the best in our nine-state Southeast region, HomeMasons president, Mason Hearn said .

NARI members dedicate an extensive amount of time, thought and hard work into each individual project and it is a tremendous honor to be recognized for a couple of our projects this year. It is great to know that others share the same beliefs that our projects are built with the highest standards in mind, Hampden Hills president, John Cronly ,said .

All projects submitted for judging were an improvement or an addition to an existing structure.

An impartial panel of judges, experts within the remodeling industry and associated fields, selected winners based on each entrants binders, which include before and after photography and project descriptions.

Judging focused on problem solving, functionality, aesthetics, craftsmanship, innovation and degree of difficulty.

To be considered for a CotY Award, a company must be a NARI member in good standing.

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