Renovation BOOM

Renovation BOOM


Like the rest of the nation, Indiana is experiencing a renovation boom.

That‘s according to Builders Association of Greater Indianapolis CEO Steve Lains. National figures show renovation spending will jump by 20-percent this year. Reports say that‘s due in part to the economic upswing and the shortage of available land on which to build new homes in the nation‘s urban areas. Lains says the current trend has led to a shortage of home building materials.

He says many drywall, lumber and insulation plants shut down during the recession and are coming back. Lains adds that prices for home building commodities are going up again.

He also says builders and contractors are feeling the pinch due to the loss of workers during the recession and are hiring again.