Friday, August 1, 2014
PLACERVILLE, CALIFORNIA
99 CENTS

Remodeling market continues upward trend

By
From page HS20 | February 28, 2014 |

DES PLAINES, ILL. — The National Association of the Remodeling Industry’s fourth-quarter Remodeling Business Pulse data of current and future remodeling business conditions continues to show growth. Although remodelers report the highest overall rating on business conditions, at 6.51 (from 6.41 last quarter), numbers in most other categories experienced a slight drop. 

Important Subscriber Update

We will be switching to a new online subscription service on Tuesday, August 5th. If you are already a subscriber with login access to MtDemocrat.com you will need to re-register under the new service. This will not affect your bill. Please take the time today to click "Subscriber Verification" to verify your subscription with us and continue your access to MtDemocrat.com before the new service takes over.

We apologize for the temporary inconvenience this may cause and thank you for your patience and continued support while we make this transition.

- Mountain Democrat

1-Month Access
Subscriber Verification
Help?

“Many remodelers entered 2014 with jobs in the pipeline, which hasn’t happened in the past few years,” says Tom O’Grady, CR, CKBR, chairman of NARI’s Strategic Planning & Research Committee and president of O’Grady Builders, based in Drexel Hill, Pa. “Although inquiries, requests for bids and conversion of bids are down in Q4, that backlog has given remodelers confidence that the overall business conditions will remain positive.” 

Growth indicators in the fourth quarter of 2013 are as follows (rating is from 1 to 9, where 1 is much worse than a year ago and 9 is much better; 5 is about the same as last year):

  • Current business conditions was rated 6.51 (from 6.41 last quarter)
  • Number of inquiries fell to 6.2, a significant drop from 6.55 last quarter.
  • Requests for bids fell to 6.22 from 6.45, a significant decline from last quarter.
  • Conversion of bids to jobs continues to be the weakest measure remaining flat at 6.03.
  • Value of jobs sold declined to 6.27 from 6.31 recorded last quarter. 

Conversion of bids to jobs continues to be the weakest measure when compared to the same time last year.  Yet, the projected strength of sales in three months had a significant increase to 6.41 from the 6.12 recorded in September. 

“The fourth quarter of this year was very strong for many remodelers, as reflected in the Remodeling Business Pulse Survey,” O’Grady says. “Average sale prices continue to rise, and consumers are more comfortable spending money on projects that will increase the value of their homes.” 

Other significant contributors to overall activity:

  • People needing to do projects that had been postponed was selected by 75 percent (down from 85 percent last quarter)
  • Improving home prices came in second, at 60 percent of respondents (down from 72 percent in September).
  • Economic growth improved continued at the No. 3 spot, at 52 percent (an increase of 6 percent from last quarter). 

“The outlook forecasts that favorable business conditions will remain strong across all regions of the United States,” O’Grady says. “Consumer confidence is up, which translates into more homeowners feeling safe investing in their homes.” 

NARI is the source for homeowners seeking to hire a professional remodeling contractor. Members are full-time, dedicated remodelers who follow a strict code of ethics with high standards of honesty, integrity and responsibility. Visit the NARI.org site to get tips on how to hire a remodeling professional and to search for NARI members in your area.

 

Comments

comments

.

News

Cameron Park house burns

By Dawn Hodson | From Page: A1 | Gallery

 
Supes delay petition

By Chris Daley | From Page: A1

Fire generated small city, inspired volunteers

By Dawn Hodson | From Page: A1 | Gallery

 
Sand Fire 95% contained

By Cole Mayer | From Page: A1

 
Two fires in town

By Cole Mayer | From Page: A3

.

Opinion

Missing the point

By Mountain Democrat | From Page: A4

 
The weekly Daley: The wrong side of history

By Chris Daley | From Page: A4

Billingsley’s bullets: Advice from my psychiatrist

By Bob Billingsley | From Page: A4

 
.

Letters

Second Amendment

By Letters to the Editor | From Page: A5Comments are off for this post

 
Pollock Pines’ Fourth of July Parade

By Letters to the Editor | From Page: A5Comments are off for this post

Water conservation

By Letters to the Editor | From Page: A5Comments are off for this post

 
Koby

By Letters to the Editor | From Page: A5

Debt reduction at EID with Coco?

By Letters to the Editor | From Page: A5

 
Time for change in CP

By Letters to the Editor | From Page: A5, 2 Comments

Olives need less water

By Letters to the Editor | From Page: A5

 
EID rate discrimination

By Letters to the Editor | From Page: A5Comments are off for this post

.

Sports

Camp draws good numbers

By Jerry Heinzer | From Page: A9Comments are off for this post | Gallery

 
New law tackles gridiron concussion problem

By Mike Bush | From Page: A9 | Gallery

Outside with Charlie: Rafting denied

By Charlie Ferris | From Page: A9

 
Racing returns with big 5-division card

By Bill Sullivan | From Page: A9

Roundup: July 31, 2014

By Democrat Staff | From Page: A10

 
.

Prospecting

Sing while you paint

By Placerville Arts Association | From Page: B1Comments are off for this post | Gallery

 
Plenty of golden fun during SlugFest

By Democrat Staff | From Page: B2 | Gallery

Things to do: Aug. 1, 2014

By Democrat Staff | From Page: B2

 
The making of a champion

By Special to the Democrat | From Page: B2

Art on the Divide is showing new exhibitor

By Art On The Divide | From Page: B3

 
‘The Flu Season’ stirs emotions

By Ovation Stage | From Page: B4

Guitar group performs in Sutter Creek

By Sutter Creek | From Page: B5

 
Time to register for classes at Center Stage

By Center Stage Dance Academy | From Page: B5

Get a groove on in Sutter Creek

By Sutter Creek | From Page: B8

 
Chris Young in concert at Carson Valley Inn

By Carson Valley Inn | From Page: B8

The music continues at Bear Valley Music Festival

By News Release | From Page: B8

 
Sacramento Museums are celebrating

By Sacramento Association Of Museums | From Page: B9

 
.

Essentials

Weather stats

By Michael Raffety | From Page: A2

 
Crime Log: July 17-19

By Cole Mayer | From Page: A2

.

Obituaries

Mark A. Smith

By Contributor | From Page: A2

 
Jeffie “Jeff” Lee Callahan

By Contributor | From Page: A2

Patsy Ruth Wing

By Contributor | From Page: A2

 
Lisa Oliver Rose

By Contributor | From Page: A2

Larry A. Randall

By Contributor | From Page: A2

 
.

Real Estate

Decorating your home by the numbers

By Marni Jameson | From Page: HS4

 
Avoiding the deal killers

By Ken Calhoon | From Page: HS4

Hilltop home views outrank water-front views

Press Release | From Page: HS7

 
Luxury home sales jump

Press Release | From Page: HS11

 
Pending home sales decrease in June

Press Release | From Page: HS13

 
Sheryl Lindroos joins American Heritage

Press Release | From Page: HS17

Sunny Rosabella exudes a warm ambiance

Press Release | From Page: HS23

 
.

Comics

.

Home Source

Decorating your home by the numbers

By Marni Jameson | From Page: HS4

Avoiding the deal killers

By Ken Calhoon | From Page: HS4

Hilltop home views outrank water-front views

Press Release | From Page: HS7

Luxury home sales jump

Press Release | From Page: HS11

Pending home sales decrease in June

Press Release | From Page: HS13

Sheryl Lindroos joins American Heritage

Press Release | From Page: HS17

Sunny Rosabella exudes a warm ambiance

Press Release | From Page: HS23