Together, these factor make it the the best time in years for home renovation projects, according to a recent article in the Wall Street Journal.
The paper says that “more homeowners will renovate their kitchens this year — 7.57 million, up from 7.44 million in 2006 — but they will spend a lot less, $96.2 billion compared with $127 billion, according to the National Kitchen & Bath Association. Bathroom renovations this year are expected to rise by 5.3% to 10.9 million from 2006, while spending on them will grow 3.8% to $70.2 billion from 2006, the trade group projects.”
A great time for retro renovators to move their projects forward!
Click through to Yahoo here, to read the entire article.