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Long-term remodeling outlook foresees strong growth

from By Michael J. Berens

Coming on the heels of third-quarter indicators that showed sustained high levels of activity in the remodeling industry for the remainder of the year, recent longer-term projections forecast even higher levels of growth in the coming year and beyond. Analysts foresee a perfect storm of a continued shortage of available housing for sale combined with rising home values and eventual increases in mortgage rates putting pressure on current owners to remain in their homes. more

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