Staff -- Casual Living, 5/1/2007 12:00:00 AM
Homeowners who may have thought about the purchase of a new home are now investing in their existing homes and extending their living spaces out — outdoors, that is. The economic sow's purse of a housing downturn could prove to be a silk purse for the casual industry.
Nearly seven out of 10 architects report an increase in demand by homeowners for upscale outdoor living spaces, including outdoor kitchens, decks and patios, according to the latest Home Design Trends Survey by the American Institute of Architects.
Almost half of all homeowners surveyed said they will remodel their yards/landscaping within the next few years according to new JELD-WEN Perfect Home Survey.
Source: The American Institute of Architects Home Design Trends Survey, 2006, JELD-WEN Perfect Home Survey, 2006
|r = revised; p = preliminary
Covers most short- and intermediate-term credit extended to individuals, excluding loans secured by real estate.
Nonrevolving credit includes automobile loans and all other loans not included in revolving credit, such as loans for mobile homes, education, boats, trailers or vacations. These loans may be secured or unsecured.
Source: Federal Reserve
February '07 numbers are preliminary
Source: Bureau of the Census and National Assn. of Realtors
|Change from Feb. '06||-28.6%||-30.7%||-41.6%||-24.7%||-26.7%|
|Change from Feb. '06||-28.5%||-27.4%||-50.6%||-20.3%||-30.9%|
|New home sales|
|Change from Feb. '06||-18.3%||-36.9%||-32.2%||-17.1%||-5.7%|
|Existing home sales|
|Change from Feb. '06||-3.6%||3.4%||-1.9%||-4.4%||-9.6%|
|Source: Data Network, Huntington, N.Y.
Information and data herein, though believed accurate, is not guaranteed. Data Network is not liable for any inaccuracies.
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