According to the Census Bureau, money devoted to home remodels is on the rise, up 9.4 percent in 2014, compared to a 4 percent rise in 2013. The key indicator of the remodeling trend is homeowner confidence that properties are indeed appreciating, and that it is safe to invest in their homes again. Well over half that money will come from homeowner’s cash savings and about 39 percent from credit cards. Though lending is still “tight,” home values are improving and more people are recovering more home equity, which will eventually drive more HELOCs in the future to finance remodeling. This form of payment made the most significant leap in 2014.
Read the full article here: Housing Indicators Arrange Room To Do More Remodeling HD – Investors.com