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Markets: U.S. remodeling industry appears to be pulling out of its downturn

(April 2013) After languishing for several years, the U.S. remodeling industry appears to be pulling out of its downturn, and a renewal of the nation’s housing stock is underway. Recently released, „The U.S. Housing Stock: Ready for Renewal“ is the latest report in the Improving America’s Housing series, published by the Remodeling Futures Program at the Joint Center for Housing Studies (JCHS) of Harvard University.

Foreclosed properties are being rehabilitated, sustainable home improvements are gaining popularity, older homeowners are retrofitting their homes to accommodate their evolving needs, and the future market potential is immense, as the emerging echo boom generation is projected to be the largest in our nation’s history.

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