Report: Fewer remodel homes, but more want to - Tampa Bay Business Journal:

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The report finds that remodelinyg permit activity was down 20 percent during thefirstr quarter, year-over-year. However, the report also founs a 5 percent increase in the number of homeowners who said they will probablyt remodel in the next12 months. It’s the first increase since 2007, when more than 90 perceng of homeowners said they were thinking of And for those thinkingabout it, there’s another brighf spot, according to the report. The cost of remodelinhg is 20 percent less than it wasin 2006. Eight-twk percent said the cost to remodel is theirbiggesf concern.
Twelve percent planned to use economical materials when they while 12 percent said they plan to use expensive and the remaining 76 percent willuse standard-pricex materials. Eighty-nine percent are changinhg their remodeling plans because of the currenteconomic