GREENBELT, MD, February 14, 2011 (Press-News.org) BizziBid.com, a nationwide home improvement and remodeling website (http://www.bizzibid.com), is reporting a significant uptick in activity for January and early February 2011. The number of homeowners requesting licensed remodeling contractors and free home improvement estimates this month far exceeds the number seeking home improvements and remodeling information through the site a year ago.
Home Improvement Tops the List
While BizziBid connects consumers to contractors for a number of purposes - siding installation, air conditioning maintenance, landscaping, and more - the upswing in requests especially reflects a recovery in the home improvement market: basement remodeling, kitchen remodeling, window replacements, roofing and more. And as website owner Tony Scuderi observes, the numbers bode well for all of 2011. "The numbers so far this year hint at what's to come. We're seeing estimate requests not only from people who are ready to go, but also from homeowners who plan to remodel later in the year."
RMI Picks up Nationwide
Data from BizziBid.com is consistent with home remodeling indices from the National Association of Home Builders (NAHB). NAHB maintains quarterly Remodeling Market Index (RMI) statistics for all regions of the United States, thereby assessing homeowners' plans to make major and minor home additions and repairs. The group found that future market indicators grew significantly in all regions but the western U.S. for the last quarter of 2010 after having dropped during the first, second, and third quarters. Future market indicators take into account calls for bids, amount of work scheduled for the next three months, the backlog of remodeling projects, and appointments made for new proposals.
NAHB Chairman Bob Peterson noted that although numbers may have dropped in the west, the projects underway there and nationwide tend to be larger-scale than those of 2010. The association's chief economist, David Crowe, added that remodeling nationwide is fueled by anticipated improvements in the job market and the general economy.
Remodeling Preferred to Building New Homes
American housing regions trade off building new homes and remodeling the old. Economists have attributed an apparent fourth-quarter 2010 recovery in the new housing market to rapid growth only in western states, where anticipated remodeling rates are lower. Elsewhere, new home sales are expected to remain flat throughout 2011. It seems that until the national economy is again vibrant, Americans will find it worthwhile to convert old homes into dream homes rather than build from the ground up.
Lead Storm Media is an online lead generation and web property growth company operating in a variety of verticals.
Website: http://www.leadstormmedia.com
National Home Remodeling Website, Bizzibid.com, Sees Industry Improvement in 2011
Data released by home improvement website BizziBid.com suggests that 2011 will be a rebound year for remodeling and the home improvement industry, continuing the trend from late 2010.
2011-02-14
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[Press-News.org] National Home Remodeling Website, Bizzibid.com, Sees Industry Improvement in 2011Data released by home improvement website BizziBid.com suggests that 2011 will be a rebound year for remodeling and the home improvement industry, continuing the trend from late 2010.