Investment Business Weekly
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Fitch Ratings
Fitch: Home Improvement Spending Restrained for Remainder of 2011 with Further Growth in 2012
August 21st, 2011
Fitch Ratings expects restrained home improvement spending growth over the remainder of 2011 due to a slowdown in the U.S. economy and a continued soft housing market, with conditions improving in 2012, according to a new report. Fitch currently projects home improvement spending will increase 3% in 2011 and 4% in 2012. Indications are that homeowners, while still cautious, are somewhat more willing to undertake discretionary projects and purchases. Gradual improvement in the economy and moderately better housing market conditions should provide a catalyst for a slightly more robust growth in home remodeling spending in 2012. While the industry showed...
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Source: Investment Business Weekly (2011-08-21)
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