As housing, job markets improve, homeowners spend on remodeling A few years ago, Stephen Feldman and his wife came close to undertaking a major renovation of their growing family’s three-bedroom home in Medfield. But still recovering from the hit their savings took in the 2008 stock market plunge, the Feldmans decided to put off their plans.
As housing, job markets improve, homeowners spend on remodeling 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 […]