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Home Remodeling - New Floors - Vlog of Before and After - Video
Plumbing Evansville Baize Remodeling Services Call 812-624-7700
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Plumbing Evansville Baize Remodeling Services Call 812-624-7700 - Video
Remodeling Tip of the Day Don't buy the first product you like. Compare prices and qualities before making final decisions.
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The Joint Center for Housing Studies at Harvard University sees continued strong growth in home-remodeling spending this year. AP FILE PHOTO
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CAMBRIDGE -- Strong growth is expected to continue this year in the home remodeling market, according to a report from the Joint Center for Housing Studies at Harvard University.
The Leading Indicator of Remodeling Activity, released Thursday, found that national spending on home remodeling is expected to be about $144.7 billion in the current quarter, about 4 percent higher than the comparable year-ago period.
The report estimates that spending will increase in the second quarter by an even greater amount, 14.7 percent, to $147.6 million, before moderating to 9.9 percent year-over-year growth in the third quarter.
"The ongoing growth that we've seen in home prices, housing starts, and existing home sales is also being reflected in home-improvement activity," said Eric S. Belsky, managing director of the Joint Center, in a statement. "As owners gain more confidence in the housing market, they are likely to undertake home improvements that they have deferred."
His colleague Kermit Baker, director of the Remodeling Futures Program at the Joint Center, noted the slower growth later in the year.
"By that time, we'll be approaching the pre-recessionary levels of spending, and with borrowing costs starting to creep back up, growth rates are likely to slow some," he said.
Originally posted here:
Strong growth seen in home remodeling
Thursday, January 16, 2014, 11:39am
The home remodeling market should see strong growth in 2014, according to a new report from Harvard's Joint Center for Housing Studies. According to the JCHS's Leading Indicator of Remodeling Activity (LIRA), consumer spending on home improvement should grow by double digits in the first two quarter of 2014, moderating to just under 10 percent by the third quarter.
"The ongoing growth that we've seen in home prices, housing starts, and existing home sales is also being reflected in home improvement activity," Eric S. Belsky, managing director of the JCHS, said in a statement. "As owners gain more confidence in the housing market, they are likely to undertake home improvements that they have deferred."
Remodeling spending for the fourth quarter of 2013 was about $140.4 billion, according to the LIRA, up from $126 billion in the fourth quarter of 2012. The report projects that remodeling spending will rise to $144.7 billion by the first quarter of 2014 and more than $156 billion by the third quarter of 2014. At that rate, spending on home improvements will nearly match levels before the housing crash, said Kermit Baker, director of the Remodeling Futures Program at the Joint Center, in a statement.
"However, the strong growth for this cycle may start to ebb a bit beginning around midyear," Baker added. "[W]ith borrowing costs starting to creep back up, growth rates are likely to slow some."
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Harvard’s JCHS: Home Improvement Spending Expected To Surge This Spring
Home Building and Remodeling Show
The Metropolitan Builders Association presents MBA Building Lifestyles: Home Building Remodeling Show. It is January 10-12 at the Wisconsin Center. This sh...
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Michigan Fireplace Remodeling. Canton Michigan by Parko Home Renovations
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Minecraft Livestream Highlight - Remodeling Typo #39;s House
I decided to try playing Minecraft again, and this is the result.
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Houzz, the fast-growing website and mobile app for all things home remodeling and design, today announced that it has opened offices in London, Berlin and Sydney. This marks the companys first official international expansion, but as its co-founder and CEO Adi Tatarko told me earlier this week, 35 percent of Houzzs traffic already comes from outside of the U.S.
The company has hired local managers to run these offices. In addition, it has hired Oliver Jung to oversee its international efforts. Jung previously launched and led Airbnbs international expansion.
As Tatarko stressed when I talked to her, the company plans to tackle its international expansion in the same way it grew its business in the U.S. This means it will focus on growing its community and internationalizing its content when necessary. It wont, however, focus on marketing. Tatarko believes that this will automatically follow as the community grows.
Sales are never our first priority, Tatarko told me. We are first and foremost a community and technology company. Thats how we built Houzz in the U.S. and thats how we plan to grow internationally, too.
Even today, without any specific marketing or local representation, Houzz is already seeing international home-remodeling pros, architects and others connect with its users all around the world. Because of this, Houzz already has 85,000 professionals from outside the U.S. in its directory. Just like Houzz managed to be a disruptor in the U.S. remodeling business, it also hopes to be able to disrupt some of the international markets where most of this business is still done the traditional way and basic word of mouth marketing is still the main way for many of these professionals to connect with potential customers.
This international expansion will also be good for Houzzs U.S. users, Tatarko believes. It will give them access to more ideas and trends and expose everybody to different ways of doing things.
As part of this announcement, Houzz also released its latest user numbers. The service now sees 16 million unique users from 184 countries every month. Professionals have now uploaded over 2.5 million images to the site, including 1 million retina-quality images that were uploaded over the course of 2013. Its app was downloaded over 6 million times last year, for a total of 12 million downloads.
The company itself has grown to 170 employees now, but as Tatarko stressed, the management structure still remains very flat. There is no middle management, and the founders still interview every prospective employee themselves. While the new international offices will have local managers, the idea is to replicate the same kind of structure in these outposts, too.
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Houzz Goes International, Opens Offices In London, Berlin And Sydney