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Remodeling in the US
IBISWorld, July 2011, Pages: 33
Fixer-upper: Remodeling will pick up, with tax credits and higher incomes spurring growth
Remodeling in the US
Renovating revenue: Though the recession and bursting of the housing bubble caused revenue to plummet over the five years to 2011, the industry is on the mend. As unemployment falls and house prices stabilize, demand for remodeling services will rise as homeowners will have the necessary capital to fund remodeling projects. Furthermore, higher homeownership rates and tax credits for homeowners who increase energy efficiency will support revenue growth over the next five years.
This industry is primarily engaged in remodeling construction for residential buildings. Remodeling construction includes additions, alterations, reconstruction, maintenance and repair work. This industry is composed of general contractors, operative remodelers, remodeling design-build firms and remodeling project construction management firms. This industry does not include commercial remodeling.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.
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