Minneapolis MN 2011 Home Remodeling Forecast Is Looking Up
Minneapolis/St Paul Ranks 3rd For Remodeling Growth
Based on a variety of factors from location to consumer demographics, Hanley Wood’s Residential Remodeling Index identifies the top 25 U.S. counties with the most potential to see a boom in remodeling activity for 2011.
Hanley Wood Names Top 25 Counties for Remodeling Potential in 2011
The top 25 U.S. counties with the most potential to see a boom in replacement and remodeling activity for 2011 have been determined by construction publisher Hanley Wood, which publishes REMODELING magazine, based on a variety of factors from location to consumer demographics.
The January issue of Remodeling Magazine features the Top 100 U.S. Markets for remodeling and Mpls/St. Paul ranks third! Factors for the rating include above average job creation in Q3 and Q4 2010 and very high rate of home ownership. Here is a list of the top 25 counties.
Best Counties For Remodeling In 2011
Want to find out which remodeling markets are hot? The Residential Remodeling Index from Hanley Wood Market Intelligence has the answers.
Forecast of the 100 hottest remodeling markets
“The data behind the rankings show that these 25 counties — and actually over 300 counties nationwide — are poised for a strong 2011,” says Hanley Wood’s executive director of research, Jonathan Smoke.
According to Smoke, the counties were picked based on all the factors that create a strong remodeling environment: healthy economic conditions and forecasts, lots of housing most amenable to remodeling (older housing stock — but not too old — and relatively expensive), large numbers of the type of households that do remodeling projects, and a strong forecast on the Residential Remodeling Index (RRI). Download the complete RRI spreadsheet.
These are key indicator as to which counties could hear the hum of power tools and the banging of hammers for many months to come. If this data is to be believed, 2011 will see a healthier fourth quarter for more remodelers and contractors than any year since 2007.
That is good news for Minnesota homeowners who want to remodel in the coming months.
Minnesota Home Remodeling Minneapolis/St Paul MN
Whether you are thinking about a bathroom or kitchen remodel, putting on an addition, or a whole house remodel, NOW is the time to bring your out dated home back to life! Perhaps you have been dreaming of a new deck or a 3 or 4 season porch addition. Maybe just add an add additions to your existing deck. Consult an experienced Minnesota Home Remodeling Contractor today to get your to get your home remodeling project underway!
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