Remodeling Urges Help Push ome Prices Upward, Expert Says. Does a desire for two-person showers, travertine floors and granite countertops push home prices up? Housing economist Tom Lawler, a Vienna, Va., consultant, argues that it does—and says these cravings are partly responsible for ballooning home prices throughout much of this decade.

So what if housing has hit the skids? The outlook is still pretty sunny for the commercial and multifamily building industry, according to the second-quarter databook on the sector just released by the Mortgage Bankers Association. Although the report acknowledges that consumers may not be spending as freely as they did when they thought their homes were ATMs, it’s cautiously optimistic about the future, noting “consumers are still hanging in there.” Meanwhile, demand is still strong for rental apartments in many markets.

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