Christina Lewellen, senior editor of Window & Door
There's an interesting thing happening in our economy. A butting of
heads, if you will. On one hand, there are some legitimately solid
opportunities out there for some (not all—but some) consumers. Mortgage
rates are crazy-low, housing affordability is surprisingly high and
there are pockets of the economy that are doing fairly well, all things
But here's the thing...on the other hand, we're
incredibly hesitant to believe any good news. It's that dark shadow of
consumer confidence. We're still just not ready to be confident about
the future—not quite yet.
So this week, I'm running a little experiment. A few weeks back, Harvard's Joint Center for Housing Study released its prediction
on where home improvement spending will go in 2011. It says we'll see
double-digit increases at an annual rate through the first half of the
year. My question for you is simple: Do you believe it? Will home
improvement spending rise next year? Are you confident enough to
believe a report that says you should be? Send an email or post a comment and let's Talk.