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NAR in the News: Americans Are Housing Bulls (Bloomberg)

Americans are still housing bulls, according to Bloomberg:

“Need proof? Just look at the blowout fourth quarters Home Depot Inc. and Lowe’s Cos. reported this week. Both home-improvement chains posted profit that topped analysts’ estimates and beat revenue projections by the most in six quarters.”

“Consumers are feeling better about their jobs, their wages and certainly feeling better about the value of their home,” Lowe’s Chief Executive Officer Robert Niblock said in a telephone interview to Bloomberg. “They are re-engaging in projects that they have put off.”

Interested in what projects score big with consumers? The Remodeling Cost vs. Value Report, produced by Remodeling magazine in cooperation with NAR, provides estimated costs for 36 midrange or upscale home-improvement projects, along with the percentage of cost that owners can expect to recoup when they sell.

You can find highlights and a link to the report here, http://www.realtor.org/news-releases/2015/01/small-exterior-home-improvements-offer-the-best-value-investments-in-2015-say-realtors.

Source: http://www.bloomberg.com/news/articles/2015-02-25/americans-are-still-housing-bulls-just-ask-home-depot-or-lowe-s