Another remodeling boom on the horizon?

Although we are in the midst of an economic crisis, the U.S. population continues to increase. Annual household growth is expected to rise by an average of more than 1.5 million for the 2009 to 2012 period.

But builders aren’t building new homes. Although housing prices as well as interest rates are at record lows, the demand just isn’t there right now. And it’s tough for developers and builders to find financing for their projects or their buyers.

So what’s going to happen once things turn around? And it will. It’s just a matter of time. All those people and no new homes to buy? Remodeling. Be ready.