Remodelers forecast a bright 2013
The National Association of the Remodeling Industry’s fourth-quarter Remodeling Business Pulse data of current and future remodeling business conditions experienced significant growth across all indicators, with forecasting in the next…
The National Association of the Remodeling Industry's fourth-quarter Remodeling Business Pulse data of current and future remodeling business conditions experienced significant growth across all indicators, with forecasting in the next three months hitting its all-time highest level.
“Remodelers are indicating major growth in the future, with many saying that clients are feeling more stable in their financial future and their employment situations; therefore, they are spending more freely on remodeling needs,” Tom O’Grady, chairman of the association’s strategic planning and research committee and president of O’Grady Builders, said in a statement.
Growth indicators in the last quarter of 2012 are as follows:
• Current business conditions up 2.1 percent since last quarter.
• Number of inquiries up 3.9 percent since last quarter.
• Requests for bids up 3.7 percent since last quarter.
• Conversion of bids to jobs up 3.5 percent since last quarter.
• Value of jobs sold is up 4.3 percent since last quarter.