Sneak Peek: Top 20 Remodeling Markets
Detroit RANK: 17 INDEX: 89.8 STRENGTHS & WEAKNESSES: Detroit's urban and cultural renaissance have brought increased investment and development activity to the city, and the economy is showing some improvement. Household growth is no longer negative, and restructuring of the Motor City's automakers has provided stability for the area. That said, cuts in government jobs are looming, and Detroit still suffers from a high unemployment rate. The housing market has not yet shown consistent signs of recovery. REMODELING ACTIVITY: Though activity in Detroit has declined more than the national average, 1% growth is expected in 2012 AREAS WITH POTENTIAL: Rochester, Troy, West Bloomfield, Macomb