D.C., Wash. -- Modern Style Construction LLC Open Home Remodeling Report and Shower Remodeling

News wire: Washington DC, USA

Chris Alan – PressXXX

08/12/2013

Modern Style construction has released the new division of their remodeling company in Washington DC, www.HomeRemodelingReport.com and www.ShowerRemodeling.net two great information and design sectors to their ever growing custom remodeling business.

Modern Style Construction has been remodeling interior in the great state of Washington DC for years, with over 30 years of experience and a laundry list of completed remodeling jobs, they are quite a unique niche business. The company specializes in interior remodeling in DC, and has converted some of the most rugged basements into luxurious additions and game rooms. From a new bathroom to an entire interior makeover the company does it all.

In a statement from Sergei Tsoy he stated: We decided to add 2 more sites to our remodeling company to assist the public in designing and obtaining information on remodeling in the DC area. As contractors we want our customer to have options and information at hand before they get ready to make the decision to start a remodeling project. The new shower remolding site offers great bathroom tips and designs along with a wealth of free information on the state of Washington DC. Our new Home Remodeling Report site is a direct reflection of the work we do and showcases our work and skills.

After taking a look at the sites they are fabulous, made me want a new home theater in my house! The company does do some spectacular remolding and creates some amazing game rooms and theaters in Washington DC. In a slumped economy construction and remodeling have been in the dumps but Sergei says the remain busy, in fact they are reporting 2013 looks to be one of the busiest years in the companies history.

In a report by Realty Times author David Fletcher he is reporting new home price increases are projected to outstrip resale homes, this is a good sign for the construction industry!

“Quote”

New home prices are increasing faster than resales, a trend expected to continue for months to come, according to Brad Hunter, chief economist for Metro study.

Metro study is a national research firm that bases its projections on the personal inspection of every subdivision and development in 33 major markets, in which they do "first-hand" research.

According to Hunter, housing price projections are driven by new homes inventory, not MLS data.

"MLS listings should not be looked to for inventory price projections. Finished-vacant new home supply is a much better leading indicator for home prices," Hunter said, "We got into an oversupplied situation in 2006-2010 because builders built too many homes, and that overhang caused home prices to drop sharply."

"Now that builder inventories are low, there is once again upward movement in home prices. MLS listings, meanwhile, do not represent inventory, nor do they give you much useful information as to the direction of home prices."

Also stated by Roderick Perkins and John Burns:

Burns said the greater sales increase by new homes is shaking out as different from the 2001-2005 boom when sales increases from both new and resale homes moved more in tandem.

That's because the new home market was hit harder than the resale market, which suffers all the foreclosures.

The economy stunted new home growth as debt and equity capital for new home construction became more difficult to obtain than a new mortgage, according to Burns.

Also, many home builders closed up shop as the bottom line hit rock bottom turning many companies unprofitable.

New home building land, typically in outlying areas, also got hit harder during the downturn, Burns reports.

Coming to the rescue are more publicly traded home builders who have greater access to capital than the private sector.

"Publicly traded builders have raised low-cost, unsecured, non-recourse debt that matures many years from now, while most private builders can only borrow from banks on a secured, recourse, short-term basis," according to the report.

As you can see it looks like the industry is making a comeback, Sergei says his business is booming and orders are coming in every day. Modern Style Construction LLC not only remodels but they help with the design process from start to finish. Take a look at their sites and you will see pure professionalism and quality. Modern Style Construction is based in Silver Spring and serves the entire sate of Washington DC

Chris Alan

www.pressxxx.com