2-10 Home Buyers Warranty (2-10 HBW) is bringing you an insightful article on the remodeling boom. This article is written by Walt Keaveny, Principal Engineer and Risk Manager for 2-10 HBW. Walt is licensed as both a professional engineer and geoscientist, and has over 30 years of engineering experience.
The home remodeling industry is in epic growth mode! According to the 2017 Remodeling Outlook by the Harvard Joint Center for Housing Studies, remodeling spending in the U.S. is at an all-time record high. Remodeling is expected to experience healthy growth through 2025. This rapid growth is fueled by rising home equity, incomes, and existing home sales. Also, a shortage of affordable new homes results in investment in older homes.