Remodeling jobs wait as new-home construction siphons off builders - 2004-03-28
It took Lu Penn several months to locate a contractor who would remodel her bathroom.
Penn said she called about 20 contractors and couldn't even get a response from some of them before finally getting someone who would take the job.
Compounding the shortage are current low mortgage interest rates and rising local property values, which may have made demand for home improvements higher than ever.
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