Improvement in the home remodeling industry has brought in more employment opportunities for the people in the U.S. According to the initial data released by the Bureau of Labor Statistics, number of people employed in the home remodeling industry rose by 5.8 percent to reach 250,700, in one year – from December 2010 to December 2011. This growth in home remodeling employment is the highest since December 2006, when the real estate industry in the U.S. doomed. Currently, home remodeling employment accounts for about 5 percent of total jobs in the construction industry.
A significant 5 percent rise in the sale of the existing homes has been recorded at the end of December 2011 alone. As the new owners of the home stress on spending for improvement of their new homes, home remodeling industry has got a kick-in.
Strengthening of the home remodeling industry is also evident from the increasing revenue of the market players. Companies such as Home Depot Inc., Fortune Brands Home & Security Inc. and Beacon Roofing Supply Inc. are experiencing increase in their sales revenue. With the recovering economy, increasing consumer confidence, and decreasing jobless rates in the US, optimism for the intensification of the home remodeling industry certainly holds.