the remainder of 2011 due to a slowdown in the U.S. economy and a
continued soft housing market, with conditions improving in 2012,
according to a new report.
Fitch currently projects home improvement spending will increase 3% in
2011 and 4% in 2012. Indications are that homeowners, while still
cautious, are somewhat more willing to undertake discretionary projects
Gradual improvement in the economy and moderately better housing market
conditions should provide a catalyst for a slightly more robust growth
in home remodeling spending in 2012. While the industry showed positive
trends in 2010 and so far in 2011, macroeconomic risks such as high
unemployment, tight consumer credit and weak consumer confidence could
halt the rebound in the industry’s recovery. Fitch also notes the
irregular housing market recovery and current market conditions will
also challenge the home improvement industry.
The full ‘Tale of the Measuring Tape: U.S. Home Improvement Industry’ is
available at www.fitchratings.com.
The report provides a comprehensive look at macroeconomic and
Additional information is available at www.fitchratings.com.
Applicable Criteria and Related Research: The Tale of the Measuring Tape
— US Home Improvement Industry
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Rating: 3 out of 5