Remodeling growth levels out but remains strong
from By Michael J. Berens
For the past several quarters, the remodeling industry has experienced exceptional growth. That trend may have run its course. Industry indicators reveal activity during the third quarter of this year remained relatively flat. Experts project that demand is likely to remain strong, but that the rate of growth will taper off in 2019. According to the latest BuildFax Housing Health Report, data from the past three months indicate the pace of remodeling is leveling out after several years of steep increases.
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