Back in 2007, when the financial industry collapsed from underneath the American economy, dragging down millions of Americans with it, a lot of people became wary of investing their money. People started to save any extra money they had, going to extra lengths to cut costs and pinch pennies. As people lost their jobs and unemployment spiked, the stock market plummeted as more investors pulled out their money.

A positive sign for the housing industry is that confidence is growing in the remodeling market as shown by the Remodeling Market Index moving up 12% from 49 to 55 in the quarter ended 30 June 2013, which was just recently published by the NAHB (National Association of Home Builders).