ServiceMagic January-June 2011 Home Remodeling & Repair Index
The first half of 2011 showed that service requests for energy-efficient projects have substantially increased year-over-year, while requests for additions and remodeling projects have remained soft for the fourth consecutive quarter. Below are highlights from the data which is compiled from 3.1 million service requests received through ServiceMagic’s online marketplace from January to June of this year, as well as results from a survey of homeowners and service professionals conducted in July.
Survey Highlights
Energy Efficiency:
Service requests for energy-efficient projects have substantially increased year-over-year. Requests for residential solar installations are up 52 percent nationwide as well as increases in heating (+34 percent), air conditioning (+14 percent), and window coverings (+17 percent). The nationwide survey revealed that the majority of homeowners feel that energy efficiency is an important consideration in their home improvement projects and cited the top motivating factors as saving on energy bills, protecting the environment and improving home comfort.
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Additions & Remodels:
For the first half of 2011, year-over-year growth for additions and remodeling requests has remained soft and is down 22% nationally as homeowners focused on energy-efficient home improvement projects and renovations that increased overall living quality versus home projects that increased the re-sale value.
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