Georgia Housing Market Continues to Sputter; Remodeling Index Holds Steady in the South
According to the National Association of Home Builders’ Improving Market Index (IMI) – a nationally recognized measurement tool of the number of metropolitan areas that are witnessing an improvement in the local housing market – the list has grown to 99 markets showing signs of recovery across the nation. That number is up from just 80 markets in last month’s IMI, and is representative of metropolitan areas in 33 states, including the District of Columbia. Unfortunately, the current index does not include any cities from Georgia. As a matter of fact, the only three Georgia cities that were on the IMI last month – Hinesville, Warner Robbins, and Rome – fell off the list this month.
On the other hand, in a Remodeling Market Index (RMI) report released in late July by the NAHB, current market conditions and future indicators for the second quarter of 2012 – such as backlog of jobs and three months of project commitments – show that the remodeling market is holding steady in the South. Comparing the numbers from both reports, it would appear that more Georgia homeowners are apparently opting to stay in their current home and remodel, rather than sell in a down economy.
A well-executed remodeling project is an excellent way to mold a home to fit a family’s current needs. If more space is required, a garage can be converted to another room, an entire floor can be added to a ranch to transform it into a two-story house, a basement can be finished to create more living space or a room can be added onto the home. If the home feels old and out-dated, a thoughtfully planned revamp to the layout and décor could mean all the difference in the world. By bringing a trifecta of structural engineering know-how, exquisite design taste, and quality craftsmanship to every project we undertake, Highlight Homes is able to not only accomplish the project with which we’ve been tasked, but to also exceed our clients’ expectations.
We don’t think it’s right that you and your family should feel “stuck” in your home. Your house should be your escape from the world outside, a place worthy of the phrase “Home Sweet Home.” We understand that your family is the highlight of your life, we just truly believe that your home should be, too! While it might not be a wise time to make a move, it may be the perfect opportunity to make a change. We invite you to contact us for a no-obligation consultation where we can discuss your wants and needs, as well as some possible solutions. Call us TODAY at 678-873-9234 to get started! You can also reach our experienced design-build team by e-mailing firstname.lastname@example.org or filling out Highlight Homes’ helpful online contact form. We look forward to hearing from you soon!
NAHB Press Release “Remodeling Marketing Index Adjusts Downward from Recent High, Future Market Activity Steady” (July 26, 2012)
NAHB Press Release “List of Improving Housing Markets Expands to 99 in September” (September 10, 2012)