Current Market Indicators Encourage Kitchen and Bath Remodels

Posted by Brakur Custom Cabinetry

May 14, 2015 4:00:00 PM

brakur_marketing_indicatorsAccording to the latest market indicators it’s a great time to take on that kitchen or bath remodel you’ve been thinking about.  A recent article points out that current economy promotes home remodeling projects. The confidence in the existing housing market as well as other areas is steadily improving. This is creating the right ingredients and confidence consumers need to move forward.

Key Indicators of Changing Economy

  • Existing home sales are up over 6% in March 2015 (National Association of Realtors)
  • The pace of existing home sales is up 10.4% from the same time last year
  • Year-over-year increases has continued for six straight months
  • Pending Home Sales Index up 11.1% from March last year, and this number has increased for 7 straight months
  • National Association of Home Builders Remodeling Market Index has been above the key confidence level for 2 years straight now (above 50)
  • Recently published survey of professional remodelers indicates that Kitchen and Bath projects lead all other types of projects
  • New home sales for 1st quarter 2015 is at the highest level since 2008
  • A survey of Homebuilders NAHB 2015 top challenges showed that one of the top concerns by builders is the “availability of labor”. This is an indication of current demand for projects.

To see the full article and to download a Free Remodel Survival Kit click here.

If you feel it’s time to start talking about doing your kitchen and bath remodel, get in touch with one of our experts at Brakur Custom Cabinetry here.

Topics: Chicago Area, Custom Cabinetry, Housing Market, Kitchen and Bath Remodel

Located in Shorewood, Il, Brakur Custom Cabinetry, Inc. has been providing high quality locally manufactured cabinetry since 1965. Brakur is the largest manufacturer of custom cabinetry in Northern Illinois with a 100,000 plus square foot, state-of-the-art manufacturing facility and more than 80 employees.

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