1851

There was a time, not long ago, when home renovations slowed to a trickle, with homeowners wary about making anything but the most essential fixes. Now, they are not only willing to spend, but to spend big. The growing economy, rising home values, and low interest rates are giving homeowners the confidence and cash they need to raze walls, add rooms, renovate kitchens, build decks, paint siding and spend on other projects to spruce up their homes. As a result, business for contractors and home improvement companies across the country are on the upswing as the remodeling industry, crippled in the last recession, rebounds. <a href="http://www.remodeling.hw.net/benchmarks/economic-outlook-rri/latest-rri-shows-no-slowdown-for-remodeling-market_o?utm_source=1851franchise.com&utm_medium=article&utm_campaign=why-the-remodeling-industry-makes-sense-as-a-franchise-3088" target="_blank" rel="nofollow" target="_blank">According to the most current National Residential Remodeling Index (RRI),</a> the remodeling market is seeing positive year-over-year growth for the 14th consecutive quarter. It was during Q3 2015 that the RRI reached 102.1, a 1.3 percent increase from the previous quarter and a 5.8 percent year-over-year increase. &#8220;Activity is being driven by existing home sales that surged more than expected in September and stand at their second-highest annual rate since February 2007,&#8221; said Chief Metrostudy Economist Brad Hunter to Remodeling Magazine. &#8220;Job growth came in lower than expected in August and September, but saw a large rebound in October with some wage growth as well.&#8221; For businesses like <a href="http://www.kitchensolversfranchising.com/?utm_source=1851franchise.com&utm_medium=article&utm_campaign=why-the-remodeling-industry-makes-sense-as-a-franchise-3088" target="_blank" rel="nofollow" target="_blank">Kitchen Solvers</a>, a franchise specializing in custom and pre-built cabinetry, custom countertops, solid surfaces and kitchen accessories, the uptick in home improvement has ushered in a new wave of successful franchisees. Business is booming for this 33-year-old company, and there are no signs of slowing down&#8212;year to date, they have seen nearly 15 percent growth in sales. According to Zach Nolte, director of operations for <a href="http://kitchensolvers.1851franchise.com/?utm_source=1851franchise.com&utm_medium=article&utm_campaign=why-the-remodeling-industry-makes-sense-as-a-franchise-3088" target="_blank" rel="nofollow" target="_blank">Kitchen Solvers</a>, these numbers sharply contrast with the dark days of the recession, when spending was low, projects were few and competition among contractors was fierce, forcing companies to slash prices to win jobs and to lay off workers to cut costs. &#8220;A swing in the economy has really changed the way people look at homeownership these days. It&#8217;s more of a seller&#8217;s market right now, so people are taking their extra money and putting it into renovating their homes&#8212;that&#8217;s where we come in,&#8221; said Nolte. &#8220;This has helped Kitchen Solvers become an incredibly reliable, lucrative and rewarding option for prospective franchisees. We have no reason but to be optimistic for the years to come.&#8221; As for the future of the remodeling market, the RRI forecasts year-over-year growth to stay in the 5 percent range through Q1 2016 and eventually level off to an average of 3.5 percent through Q4 2017.<div><a href="http://kitchensolvers.1851franchise.com/?utm_source=1851franchise.com&utm_medium=article&utm_campaign=why-the-remodeling-industry-makes-sense-as-a-franchise-3088" target="_blank" rel="nofollow" target="_blank">Click here to learn more about Kitchen Solvers.</a>&nbsp;</div>

1851 Franchise

The remodeling market is seeing positive year-over-year growth for the 14th consecutive quarter.  

This brand page has been paid for by 1851. Content within this page that is paid will showcase a Sponsored icon. This means the brand has engaged 1851 FRANCHISE to write the content. Content without the Sponsored Icon is aggregated media placements the brand earned. Questions can be sent to editorial@1851franchise.com

Why the Remodeling Industry Makes Sense as a Franchise 

why-the-remodeling-industry-makes-sense-as-a-franchise

HomeTeam Inspection Service

Photo of HomeTeam Inspection Service representative giving presentation

Strategic Partnerships Fuel Franchise Growth at HomeTeam Inspection Service

hometeam-inspection-service-franchise-growth-partnerships

Express Employment Professionals

What’s in the 2025 FDD? A Closer Look for Express Employment Professionals Franchise Buyers

whats-in-the-2025-fdd-a-closer-look-for-express-employment-professionals-franchise-buyers

petbar

How-petbar-Makes-Pets-and-Their-Owners-Happy-as-Part-of-the-Family-in-a-Clean-and-Fun-Environment

How petbar Makes Pets and Their Owners Happy as Part of the Family in a Clean and Fun Environment

petbar-franchise-opportunity-boutique-pet-grooming

petbar Franchisees Win the $6.89B Global Market With Complete Transparency, Self-Service and Membership Models, Creating the Happiest Place for Dogs

petbar-franchise-opportunity

Why petbar Wants to Be the “Disney World for Dogs” — and a Dream Business for Franchisees

petbar-franchise-dan-ashley-o-loughlin-qa

Buying a Franchise Masterclass

 Franchise Opportunities

Get Support Buying a Franchise

How to Buy a Franchise White Paper

How to Buy a Franchise

How to Sell Franchises

How to Grow a Franchise

Find a Franchise Supplier

1851 Franchise Opportunities

Franchisor News

Franchisor Power Rankings

FranCamp Mastermind Summit

Franchise Development Website Builder

Franchise Resources

What ALEC-Laffer's Report Means for Franchising

Website Awards

Power Rankings

About 1851

Advertise on 1851

Contact 1851 Editorial

Terms of Use

1851 Login

GROWTH CLUB LOGIN

facebook

instagram

twitter

linkedin

youtube

Chick-fil-A Tops Customer Satisfaction Rankings for 11th Year as Challenger Brands Gain Ground

chick-fil-a-tops-customer-satisfaction-rankings-for-11th-year-as-challenger-brands-gain-ground

Technomic Releases Annual Ranking of the Top 15 Fast-Food Chains in the U.S.

technomic-releases-annual-ranking-of-the-top-15-fast-food-chains-in-the-us

Rising Jobless Claims Could Signal Challenges — and Opportunities — for Franchising

rising-jobless-claims-affect-franchising

Hardee’s Lawsuit Highlights the Risk of Going Off-Model in Franchising

hardees-franchise-lawsuit-paradigm-investment-group

Hooters Leans Into Franchising With Closure of 30 Company-Owned Stores - Agg - 1851 Franchise

Hooters Leans Into Franchising With Closure of 30 Company-Owned Stores

hooters-franchise-model-company-owned-closures

Dave’s Hot Chicken Sold to Roark Capital in $1 Billion Deal to Fuel Global Expansion

daves-hot-chicken-sold-to-roark-capital-in-1-billion-deal-to-fuel-global-expansion

The Ultimate Guide to Selling Franchises: How To Create a Strong Incentive

how-to-build-strong-incentives-to-attract-prospective-franchisees

How Vishal Juneja Turned a Family Tradition Into a Paris Baguette Franchise

How Vishal Juneja Turned a Family Tradition Into a Paris Baguette Franchise Built on Heart and Community

paris-baguette-franchise-rockaway-new-jersey-vishal-junjea

Franchisee spotlight graphic with photo of Ed Holmes and Papa Murphy's logo

Thirty Years of Take ‘n’ Bake: Ed Holmes Reflects on a Lifetime With Papa Murphy’s

papa-murphys-franchise-ed-holmes-30-years

Design with outline of three houses and people working on laptops within them

Top 10 Low-Cost Home-Based or Mobile Franchises for 2025

low-cost-home-based-mobile-franchises

From Personal Care to Purpose-Driven Business: Why This Couple Is Bringing Griswold to Houston

from-personal-care-to-purpose-driven-business-why-this-couple-is-bringing-griswold-to-houston

Why the Remodeling Industry Makes Sense as a Franchise

MORE STORIES LIKE THIS