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Monday, March 10, 2014

Be Your Own Boss In Growing Remodeling Market


Now may be the time to consider being your own boss in the home improvement industry as
data shows new single-family homes selling well in January and the home remodeling market forecasting continued strong growth. I'm excited about the timing for many of our franchisees who are seizing business opportunities in this industry.

Remodeling market forecasts continual growth


A recent Hanley Wood's study talked about consecutive quarters of growth for remodeling and so far those growth trend forecasts are proving to be accurate. Good new home sales figures in January, will also help fuel the trend. This continual growth in remodeling is exciting. It means if you have been thinking of being your own boss and starting a business in this industry, this may be the perfect time to make it happen.
House Doctors is a good measure of the market as many of our franchisees offer customers both handyman services and remodeling services. We are indeed seeing increased activity now we are coming out of the tough Winter. We expect the momentum to continue through 2014 and beyond.

Kitchen & bathroom upgrades and home repairs remain popular


According to the Remodeling Futures Program at the Joint Center for Housing Studies of Harvard University the ongoing growth in home prices, housing starts, and existing home sales is helping to create that increase in home improvement activity. Their forecast for double digit growth in remodeling for the first quarter is proving to be accurate. The increased activity in the housing market means new home buyers invariably have a need for remodels and handyman services. Kitchen and bathroom improvements and needed home repairs and maintenance remain the most popular with homeowners.

Future trends are exciting for House Doctors


This is all great news for the House Doctors franchisees today, but future opportunities could be even more exciting. Our market, property repair maintenance and improvement, is here to stay and as aging baby boomers become more confident in the economy more and more are starting to hire companies like ours for bigger ticket projects.


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