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Recovery Timetable?

Per Builder magazine’s coverage from the International Builder’s Show, the Joint Center for Housing Studies at Harvard University expects that remodeling spending by homeowners will shrink at least through the fall of this year. Read senior editor John Caulfield’s story here.

However, I spoke to a California remodeler yesterday who is a member of a local builder’s group. At a recent meeting where members were asked to look into their crystal balls, most predicted the recovery won’t take place until 2011.

If you have your own predictions, e-mail me at npatel@hanleywood.com.

Nina Patel