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As the residential market shows signs of softening, the nonresidential market is in excellent position to pick up the slack in construction activity. Nonresidential construction not only represents billions of dollars in economic activity, but also generates a lot of related spending in furnishings and interior decor. - Kermit Baker Quotes

As the residential market shows signs of softening, the nonresidential market is in excellent position to pick up the slack in construction activity. Nonresidential construction not only represents billions of dollars in economic activity, but also generates a lot of related spending in furnishings and interior decor.

They want the top-line appliances in their kitchens. They want the fancy countertops. - Kermit Baker Quotes

They want the top-line appliances in their kitchens. They want the fancy countertops.

It's a harbinger of slower growth. Both home-building and remodeling helped carry the economy through slower times. Now it will be the reverse, or at the very least it won't be a source of propping up the economy. - Kermit Baker Quotes

It's a harbinger of slower growth. Both home-building and remodeling helped carry the economy through slower times. Now it will be the reverse, or at the very least it won't be a source of propping up the economy.

If I live in a neighborhood that has homes that routinely expect to see two-and-a-half or three baths, and my home has one-and-a-half baths, by adding that second bath I'm going to get a real phenomenal return. On the other hand if I have four baths and I add a fifth, I'm probably not going to get much return at all. - Kermit Baker Quotes

If I live in a neighborhood that has homes that routinely expect to see two-and-a-half or three baths, and my home has one-and-a-half baths, by adding that second bath I'm going to get a real phenomenal return. On the other hand if I have four baths and I add a fifth, I'm probably not going to get much return at all.

If you need to build a hospital, you're going to build it. But things that are really maybe more spec -- office, retail and things like that -- might be more susceptible to sharpening the pencil to make sense. - Kermit Baker Quotes

If you need to build a hospital, you're going to build it. But things that are really maybe more spec -- office, retail and things like that -- might be more susceptible to sharpening the pencil to make sense.

This is a generation that has wealth and longevity. And most aging people don't want to move. - Kermit Baker Quotes

This is a generation that has wealth and longevity. And most aging people don't want to move.

Over the last 10 years, we've seen a fairly significant core of the population spending more than half the value of their home on improvements. Some of that is because buyers increasingly are moving into older suburbs convenient to their jobs in the city, and they're renovating smaller Cape Cod and ranch-style homes. - Kermit Baker Quotes

Over the last 10 years, we've seen a fairly significant core of the population spending more than half the value of their home on improvements. Some of that is because buyers increasingly are moving into older suburbs convenient to their jobs in the city, and they're renovating smaller Cape Cod and ranch-style homes.

For consumers, this means they are going to get contractors who return phone calls, and they are going to be able to get two or three bids, instead of just one. - Kermit Baker Quotes

For consumers, this means they are going to get contractors who return phone calls, and they are going to be able to get two or three bids, instead of just one.

We expect that share of activity to grow. - Kermit Baker Quotes

We expect that share of activity to grow.

Firms really niche themselves on a thin slice of remodeling activity. - Kermit Baker Quotes

Firms really niche themselves on a thin slice of remodeling activity.

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