The Farnsworth Group

RESEARCH. INSIGHT. ANSWERS.

The premier market research and strategy-consulting firm serving manufacturers, retailers, wholesalers, dealers and distributors of hardware, home improvement, construction and building material industries.

Get Started With A Free Consultation!

Thursday, April 19, 2012. CAMBRIDGE, MA – After two years of bouncing around a bottom, remodeling activity is expected to pick up later this year, according to the Leading Indicator of Remodeling Activity (LIRA) released today by the Remodeling Futures Program at the Joint Center for Housing Studies of Harvard University. Stronger pending home sales and continuing low interest rates are contributing to the rise. The LIRA projects annual spending will see healthy growth in 2012, ending the year up 5.9 percent.

“Hopefully, we’re finally moving beyond simple volatility in the home improvement spending numbers to a period of sustained growth,” says Eric S. Belsky, managing director of the Joint Center. “The recent upturn we’ve seen in home sales should translate into more remodeling activity later this year.”“Unusually mild weather this past winter in many parts of the country accelerated the pace of homebuilding and home improvement activity,” says Kermit Baker, director of the Remodeling Futures Program at the Joint Center. “This may produce a brief pause in remodeling activity this quarter, but then a strengthening economy should provide a foundation for continued growth moving forward.”

Note: The Farnsworth Group is an active member of the Remodeling Futures Steering Committee.

The Farnsworth Group has been working directly with building material manufacturers since 1989.

Since being founded in 1989, The Farnsworth Group has been working directly with Building Supply Dealers, Home Centers, Hardware Stores and Farm & Ranch Stores.

Please contact us for additional information on how we can help you better understand your customers.

Powered by Top Rated Local®

uxicached