Remodeling Spending At All-Time High, Passes $200 Billion Mark

Passing $200 billion for the first time, Americans spent an estimated $210 billion on residential remodeling in 2005, based on the National Association of Home Builders’ (NAHB) analysis of recently released third-quarter remodeling spending from the U.S. Census Bureau. In addition, the NAHB Remodelors Council forecasts the largest increase in spending in 2006 in more than 10 years to a record $238 billion, a 13.2 percent jump.

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