As housing, job markets improve, homeowners spend on remodeling
The Boston Globe - 03/10/2013
In Massachusetts, remodeling activity could be helping to stabilize construction employment, which has fallen about 30 percent from its prerecession peak, said Alan Clayton-Matthews, an economist at Northeastern University. The Massachusetts construction industry experienced a small bounce in employment from the federal government’s stimulus spending a few years ago, but those dollars have since dried up. The surge in remodeling may be creating new jobs to offset those lost after the demise of stimulus spending, he said.