The Great Recession hit America where it hurts and hit hard, with the real estate market suffering some of deadliest blows. As the job market and real estate values plummeted during the height of the Recession, countless numbers of homeowners across the country were financially forced out of their homes. This resulted in an unprecedented number of nationwide foreclosures.
Fast forward to today, and the years after the Great Recession can be considered the “Great Comeback” of sorts. Though the aftermath and ripple effects of the Recession are still fresh on the minds — and checkbooks — of the majority of Americans, there has been substantial economic improvement, especially in the real estate sector. Many areas of the country aren’t just surviving, their real estate markets are thriving.
For example, many of the bustling metropolitan areas in Texas are boasting high home values at affordable prices in addition to a job market that can only be described as on and poppin’. This combination of good homes and good jobs as found many out-of-stater relocating — more like flocking — in droves to the Lone Star state in search of what is now being called the “Texan Dream”: the American Dream with a Texas twist.
For as well as the real estate market is doing however, millions of American are still choosing to improve the homes their currently living in rather than move, a fact underscored by a recent survey commissioned by American Express. The survey revealed that a mere 12 percent of respondents — down from 16 percent in 2014 — plan to move, while a staggering 75 percent of respondents — up from 73 percent the previous year — plan on spending an average of $4,100 per renovation project to improve their homes. That’s an increase of $100 — hey, every little counts — from 2014.
The same can be said of small brick-and-mortar business owners who are choosing to invest in business improvement projects. So what does this all mean? Lots of residential windows and doors and plenty of commercial windows and doors. After all, windows and doors are integral parts of a home or building’s overall integrity.
Just like residential windows and doors, commercial windows and doors serve many functions other than just looking pretty. Not only do they serve as a means of protection from burglary — thank you reinforced steel windows and doors — but commercial windows and doors can also help reduce a building’s energy usage by acting as a secondary source of insulation. In addition, residential and commercial doors such as steel doors, can protect against fire.
