Archive for January 20th, 2005

Home Improvement Spending: Stronger than Ever

Thursday, January 20th, 2005

Home Depot and their competitors never had it so good. America’s fixation with home improvement projects shows no sign of slowing down anytime soon. Sales of new and existing homes are expected to remain strong this year at just under 7.5 million, a slight drop from last year’s record of 7.7 million, according to the National Association of Realtors. Not surprisingly, the remodeling and repair sector is expected to grow an average of 3% annually over the next 10 years, stimulated by at least 11 million households becoming homeowners during that period. The record $233 billion in total spending on home improvement projects in 2001-2003 accounted for 40% of total expenditures on residential construction in the U.S. economy. Maybe now it’s easier to see why American consumer spending (across the board) accounts for 2/3 of total U.S. economic activity. One surprising feature of this trend, baby boomers continue to remain active in the home-remodeling market even as they approach retirement. The boomers are responsible for more than half of all expenditures. MS Las Vegas Real Estate provides free expert tips on home improvements that better prepare Las Vegas homes for maximum marketing. You’ll find them right on our website.

Wheel of Fortune in Vegas: This Weekend!

Thursday, January 20th, 2005

Wheel of Fortune is taping shows this weekend in Vegas for national broadcast beginning February 7th. Can you believe that Vanna and the gang are in their 22nd season? The highly popular show (which has crossed over into some of the most popular slot machines as well) will be taping at the Las Vegas Hilton this Friday thru Sunday. The cast and crew will be staying at the hotel, so there’s no telling who you might see in the casino at night. This is actually the fourth time “The Wheel” has come to Las Vegas, but it’s been 3 years since the last visit.