Home-improvement pros wary of labor market, optimistic about demand
from Construction Dive
Remodeling spending surged to its highest-recorded level in 2016 at $361 billion, according to Harvard University's Joint Center for Housing Studies, with spending in the category expected to grow 2 percent annually through 2025. Meanwhile, remodelers saw their average net profit margins grow to 5.3 percent in 2015 from 3 percent in 2011, according to a recent report by the National Association of Home Builders.
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