Report: Remodeling business at its highest level - KWWL - Eastern Iowa Breaking News, Weather, Closings

Report: Remodeling business at its highest level

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(NBC) -

As the housing market continues to recover, remodeling is booming.

That's according to a new report from the Joint Center for Housing Studies of Harvard University.

Researchers said with would-be trade-up buyers deciding to stay where they are and fixing up their existing homes, strong demand for remodeling could push spending on home improvement to record levels this year.

Spending on home improvements rose by almost $6 billion between 2011 and 2013.

This makes it the first increase since 2007. 

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