Consumers Shifting Dollars From Remodeling to Maintenance and Repairs

With the housing hangover seemingly in the rearview mirror, consumers are once again putting dollars into their domiciles. But are these dollars going towards upkeep or upgrades? Sentiment appears to favor the latter as reported in a new article for Kitchen & Bath Business, Survey Shows Shifts in Remodeling Projects. After a strong start in the first quarter, demand for additions and remodeling has dropped 18 percent on a national basis, led by a 33 percent decrease in bathroom remodeling. So where is the demand going? The survey reports that 46 percent of consumers have waited over a year to invest in high-cost maintenance and repair services. Sixty-two percent of homeowners reported the need to avoid further upkeep as the primary factor in the decision to eschew remodeling in favor of repairing. 

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