selling a division of your remodeling company to an employee can be good

Selling a division to a trusted employee like Jason DeLong (pictured here) gives peace of mind that your hard work will be in good hands.

You’re ready to sell part of your remodeling business, and an employee is interested in buying. But where do you start?

The Echo Boomers are predicted to outnumber Baby Boomers by more than 12 million as they enter their peak remodeling years over the next decade.

Of the $1.83 billion in federal recovery aid for New Jersey, half will be spent to assist homeowners and business owners whose properties were damaged during Hurricane Sandy.

Robust spending on home improvement in the second half of 2012 suggests the remodeling recovery is already underway, and annual homeowner improvement spending should see accelerating double-digit growth through the third quarter of 2013, according to the Leading Indicator of Remodeling Activity (LIRA).

17 industry leaders share their secrets on the challenges and opportunities they expect to face in 2013. Also, they reveal how they are positioning their business for growth.

Continued decline in KBI score reflects seasonal slowdown, with a leftover Sandy effect.

Remodelers remain hopeful for 2013, still await big recovery.

The National Association of the Remodeling Industry’s (NARI) third-quarter Remodeling Business Pulse data of current and future remodeling business conditions is positive overall with mixed sentiment about the future. New weather-related developments are assumed to impact the remodeling industry on the East Coast next quarter as homeowners start to rebuild.

Bullish outlook: Biggest remodelers see more growth in 2013

The number of remodeling permits recorded by BuildFax Remodeling Index for the month of August 2012, reached a level previously recorded more than four years ago. Yet another positive sign on the road to recovery for the remodeling industry.

This is the highest point the RMI has reached since the third quarter of 2005, reflecting the positive trends recently seen in the rest of the housing sector.

According to data through June 2012 released by S&P Dow Jones Indices for its S&P/Case-Shiller Home Price Indices, the second quarter of 2012 ended with positive annual housing growth rates for the first time since Summer 2010.

Up to 3 million homeowners could save on mortgages under administration plan

remodeling, home improvement, recovery, Wall Street Journal, spending increase

Remodeling showing signs of recovery

While final numbers have not been released, IHS Global Insight predicts that home improvement spending rose 3.3 percent overall in 2011, according to a Wall Street Journal report.

iPads are making pricing jobs easier and quicker than ever before

Another positive sign for construction industry as homeowners clear their balance sheets

Foreclosure sign

The nation's major banks could be facing at least $17 billion in lawsuits because of improper foreclosure practices, a group of states' attorneys general said Tuesday

Although thousands of homeowners have gotten mortgage modifications under the Making Home Affordable program, it's still well short of the millions the Obama administration hoped to help with the program

The inventory of homes for sale rose slightly in March in many metropolitan areas across the nation. According to data compiled by ZipRealty, the listing inventory rose 1.1 percent in 23 metropolitan areas between February and March, after decreasing in both January and February.

A new tax requirement that would have required businesses to file more 1099 paperwork was repealed last week by President Obama. The tougher requirements would have mandated companies to file a 1099 for any individual or company they do more than $600 of business with in a given year.

Bank of America, Wells Fargo, and JP Morgan Chase were among 14 financial institutions to receive penalties last week from the federal government for improper foreclosures. The banks were also ordered to revise their foreclosure procedures. Actions include having enough staff to handle the volume of foreclosures and establishing a single point of contact for borrowers.

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