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Why Fayetteville Kitchen & Bath Remodelers Need To Advertise Now

May 20, 2021 10:57:24 AM / by Larry Julius

In 2021, according to Nielsen, 19,543 Fayetteville, North Carolina area homeowners are expected to spend $210 million on kitchen and bathroom remodeling. This would be an increase of 16.8% increase over last year. Sales estimates are based on data from The National Kitchen & Bath Association (NKBA).

Because of the ongoing pandemic, 202,000 homeowners from Lumberton to Spring Lake are in the process of reassessing their living spaces.

According to the NKBA, homeowners cite the kitchen and bath areas as two times more important than other spaces within the home, and the kitchen particularly gained status throughout the COVID-19 pandemic, with 70% of homeowners considering it extremely important compared to 64% before the crisis.

“After such a strong year for home remodeling in 2020, some wondered if we were approaching a home improvement spending ‘cliff.’ We’re pleased to say that’s not what the kitchen and bath market is expecting in 2021,” said Bill Darcy, NKBA CEO.

“Last year, homeowners started the work of improving their living spaces with DIY projects. And this year, with early distribution of the vaccine and other measures to reduce the public health impact of the virus, we expect to see continued renovations and more projects requiring our members.”

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Topics best way to advertise, consumer spending, radio advertising, home improvement, remodeling, home values, homeowners, contractors, construction

Fayetteville Homeowners Plan To Spend Stimulus Cash On Improvements

Mar 15, 2021 4:39:35 PM / by Larry Julius

Fayetteville, North Carolina area residents will begin receiving economic stimulus checks  from the Internal Revenue Service as early as today.  In all, local consumers will receive more than $550 million in payments.

This infusion of cash into the Fayetteville economy was authorized by Congress last week in the American Rescue Plan legislation. 

The stimulus relief legislation calls for a one-time payment of $1,400 to single adults. Married couples who filed jointly will receive $2,800 total ($1,400 apiece). Families will get an additional $1,400 for each eligible dependent regardless of age. A family of four could get $5,600 in total payments. Like the second round of stimulus payments, the third round specifically prohibits payments to anyone who died before January 1, 2020.

Many of the stimulus dollars will end up in the wallets of 104,000 Fayetteville area homeowners. Based on research from Modernize, a leader in the home improvement and home services industry, 57% of these consumers are planning to spend all or part of their checks on home improvement projects.

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Topics roi, return on investment, best way to advertise, radio advertising, home improvement, remodeling, home owners, homeowners, contractors, stimulus checks, replacement windows, roofing

How to Build Larger Share of Home Improvement Spending In Fayetteville

Dec 31, 2019 9:01:41 AM / by Larry Julius

Consumers in Fayetteville spent a record $503-million on home improvements in 2019. This level of spending is projected to drop modestly next year, according to Harvard University’s Joint Center for Housing Studies.

“Declining home sales and home-building activity coupled with slower gains in permitting for improvement projects will put the brakes on remodeling growth,” says Chris Herbert, the center’s managing director.

“However, if falling mortgage interest rates continue to incentivize home sales, refinancing, and ultimately remodeling activity, the slowdown may soften some.”

If Fayetteville small businesses that sell home improvement products and services would like to continue to grow despite the softening market, then advertising will be required.

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Topics Streaming Audio, small business, small business owner, best way to advertise, digital advertising, newspaper advertising, online advertising, consumer spending, radio advertising, television advertising, home improvement, remodeling

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