Weak home remodeling still best in West

The index for current remodeling market conditions rose in the West to 47.3 from 40.5 in Q2. That makes West the nation’s best but scores below 50 shows more remodelers say market conditions are getting worse vs. improving conditions.
Elsewhere, Midwest up, too, at 43.2 vs. 38.3. Down, though, in the Northeast (33.7 vs. 36.9) and South (38.6 vs. 39.7).
Nationwide, current market conditions index up to 39.8 from 38.1, third straight quarter of improvement.
“Some remodelers are receiving more calls for bids, but it is still extremely difficult to close a sale,” said NAHB’s Greg Miedema from Tucson, Ariz. “Financing continues to be an impediment with many home owners not able to secure home equity loans or other lines of credit.”

Big real estate woes:

Posted in: Brokers, builders, etc. • industry • National Association of Home Builders • remodeling

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Surprised says:

“Financing continues to be an impediment with many home owners not able to secure home equity loans or other lines of credit.”

I am surprised that the home remodeling business is active at all without the abiliity to finance it.

Jc says:

All remodeling-business is on the “Canvas” So you’re not the only one surprise here.

May be small-jobs still going.

Slice	Price	Ch.	Sold	Ch.
House	$495,000	+4%	1,841	+3%
Condo	$304,000	+3%	845	+8%
New	$500,000	+4%	150	-26%
All OC	$430,000	+2%	2,836	+2%

Orange County Register