July 7th, 2009
I am no economist, but I feel confident that we have likely bottomed out and we’ll see our local economy start to rebound by the end of summer. It’s been a challenging year for the construction industry and unfortunately we’ve seen some of our long-time construction customers unable to survive in these challenging times. But… finally the phones are beginning to ring again and I’m optimist about our economic recovery. There is no better time to remodel: bank financed interest rates have lowered, labor rates are slightly down and we’ve recently lowered our cultured marble pricing to mid-’90s levels due to the reduction in some raw material costs. Some of our other product suppliers have also lowered costs, for example some cabinet lines have announced price reductions as well as lower fuel surcharges on shower doors.
There really is no better time to start your bath remodel projects.