Thursday, February 2, 2012

BullseyeMicrocaps.com ? Remodeling Index Suggests Continued ...

By Elmwood Data:

The macro environment for home improvement stocks continues to be favorable. Credit standards have eased somewhat over the past few months and with the Federal Reserve?s ?Operation Twist? program, it has driven down interest rates even further. This has created a much more favorable backdrop for home owners wishing to refinance.

It appears that for owners who are refinancing, some of the dollars that are being saved in a such a deal are being reinvested in their homes. Home improvement retailers in recent quarters have all told the same story, that people are shying away from big projects and instead are spending money on smaller ticket items to improve their home.

To monitor the health of the home improvement area we have found that the BuildFax Remodeling Index (BFRI) serves as an excellent guide. This is an index that is based on residential construction permits filed with local building departments

Complete Story ?

Source: http://www.bullseyemicrocaps.com/?p=45467

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