Report: Fewer remodel homes, but more want to - Tampa Bay Business Journal:

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The report finds that remodeling permit activityt was down 20 percent during thefirsft quarter, year-over-year. However, the report also founsd a 5 percent increase in the number of homeowners who said they will probablu remodel in the next12 It’s the first increase since 2007, when more than 90 percenrt of homeowners said they were thinking of And for those thinking abouty it, there’s another bright spot, accordingv to the report. The cost of remodeling is 20 percentf less than it wasin 2006. Eight-two percengt said the cost to remodel is theierbiggest concern.
Twelve percent planned to use economicao materials whenthey remodel, while 12 percent said they plan to use expensivee materials, and the remaining 76 percent will use standard-pricef materials. Eighty-nine percent are changing their remodeling plans becausr of the currenteconomic recession.