I would have to say BS.
No equity = no improvements
With the economy the way it is now most people are just holding and watching.
When the RE boom was on, things were different, people had a lot of equity to cash out and home improvements received a large amount of that money. Now, its only those that truly NEED to fix things whether it be because something is broken or they need to sell.
I own a construction business that caters to the remodel/upgrade industry and have seen a significant slowing in the past year.
Not a great time for the remodel business
My .02
No equity = no improvements
With the economy the way it is now most people are just holding and watching.
When the RE boom was on, things were different, people had a lot of equity to cash out and home improvements received a large amount of that money. Now, its only those that truly NEED to fix things whether it be because something is broken or they need to sell.
I own a construction business that caters to the remodel/upgrade industry and have seen a significant slowing in the past year.
Not a great time for the remodel business
My .02