AgentIndustry News

Interest in building, remodeling homes picks up

Houzz survey: 3 in 4 owners say it's a good time to buy

A majority of homeowners believe now is a good time to buy or remodel homes, and more of them feel comfortable beginning planned renovations than they did last year, according to a survey commissioned by home-remodeling website Houzz.Three-quarters of the more than 100,000 homeowners who responded to the "2013 Houzz and Home Survey" said that now is a good time to buy a home, and 53 percent said it was also a good time to remodel, according to Houzz.The survey hinted at an increase in consumer confidence, with the share of respondents who said they would put off renovations because of economic conditions dropping to 45 percent from 52 percent last year, when Houzz asked the same question.It also found that, compared to last year, a larger share of homeowners planning renovations would rather save for remodeling than splurge on vacations or other big-ticket purchases. In all, 48 percent of homeowners who responded to the survey are planning to build or remodel a home in the ne...