RALEIGH, N.C. — With a slowing economy and uncertain housing market, the Homebuilders Association of Raleigh-Wake County says more people are remodeling their homes than building new ones.
New-home building permits are down 39 percent from the same time a year ago, the industry group says.
Meanwhile, permits to remodel a home or add on to one have remained increased. There were 15 percent more add-on and remodel permits issued in April than there were in January.
Eddie Casanave, who owns Distinctive Remodeling in Raleigh, says more of his clients are going that route – many getting more square footage for less than what they would be paying for a new home.
"Kitchens and baths are still the most popular remodels, and they return the most value to the home as well," Casanave said.
Bruce Mildwurf, Reporter
Kelly Gardner, Web Editor
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