There’s another good sign for pool and spa construction!
Harvard's Joint Center for Housing Studies expects double-digit growth in big-ticket single-family home remodeling at least through the first half of this year. By the last quarter of 2014, increases are expected to descend, but to a still-respectable rate just under 10%.
In compiling the Leading Indicator of Remodeling Activity (LIRA), the JCHS does include the addition of pools and spas, but not landscaping, maintenance or repairs, or rental units.
Eight key indicators are used to compute the figures, pulling from the National Association of Home Builders, National Association of Realtors, Federal Reserve Board and the U.S. Census Bureau.
The JCHS predicts $153.8 billion worth of expenditures on remodeling projects costing more than $500. That's some serious opportunity -- the dollars are there!