general contractor Los Angeles - Remodeling your home and the economy

Since
the recession at the end of 2007, construction has decreased
considerably, due to the fall of in prices of homes. This
recession has hit hard and not only has construction felt the
economic downturn, so have other industries. Overall, the
recession and the credit slump have made harder for buyers to
afford homes or qualify for homes and thus fewer homes are
being built, and there is less money to go around for
remodeling. In order to make your buck go a longer way, a good
source to turn to is an experienced, licensed

general contractor Los
Angeles

.

Although
construction has been hurt in recent years, there are
indicators that the economy is improving and thus construction
is coming back. The credit card giant American Express recently
stated in a report that around 70 % of homeowners plan on
making home improvements in 2012. The breakdown reported by
AMEX states that 37% plan on painting their homes and 24% will
look to improve their landscape.

Others
will look to remodel the interiors of their homes which
accounts for 50%. The average expenditure for each home will be
around $3500, which is up $100 from last year.

Other
types of construction projects that are not related to

home renovations Los
Angeles

that are on the up and up are commercial buildings. There
are dozens of revitalization projects in several major cities
across the United States. Office districts, shopping districts
and other types are emerging from this recession.

While
there are encouraging signs, other sources are more cautious
when it comes to issues regarding the recovery of the economy.
In a report issued by the Equipment Leasing & Finance
Foundation states that there will be a slowdown in the
equipment industry. There are a number of factors for this,
which has to do with the overall world economy. Problems within
Europe like the debt crisis in Spain, Italy, Greece and
Portugal, along with problems with Asia have made the economy
slow down.