Remodeling Industry On the Upswing, Airoom Leads the Way in Chicagoland
Lincolnwood, IL (PRWEB) November 05, 2015 -- After a few years of slow and spotty recovery for the remodeling industry, Airoom, one of the nation’s leading design & build remodeling firm, has been at the forefront of Chicagoland’s recent growth.
“We’ve definitely seen an increase in remodeling projects for 2015,” says Michael Klein, CEO of Airoom. “A lot of projects and plans were on hold for many homeowners,” Mr. Klein notes, “but now they’re optimistic again and are looking to increase the value of their existing homes as the price of new homes has recently outpaced the pace of inflation.”
The recent growth can be attributed to a rebounding economy, interest-rates at near-record lows, and the increasing cost of land and new construction becoming more prohibitive.
“With interest rates below 4%, many homeowners are trying to get the financing now to start their projects before rates creep back up,” says Tony Simatos, president of Lamb Financial Mortgage, a sister company of Airoom.
With the resulting increase in remodels and additions, the Chicago area construction industry is not only bringing on more work, but more employees.
“The demand for workers has gone up drastically,” says Mr. Klein. “A lot of the tradesmen had moved into other industries, or even left the country, during the recession. The limited workforce has led to higher prices for new homes. That’s pushed more homeowners into the remodeling market, where the worker gap is still the same, but the amount of capital needed is more attainable.”
Airoom is currently looking to hire eight to ten employees in the fourth quarter based on projected growth for 2016, having just recently hired another three full-time employees in September alone.
“During the recession, we kept our staff numbers high, even though it cut into profit margins, because we pride ourselves on a truly tailored customer experience,” says Mr. Klein. “Growing our team in conjunction with more business is key to maintaining the same level of customer happiness that we have become known for over nearly 60 years.”
Nate Hartmann, Airoom, http://www.airoom.com, +1 (847) 987-9891, [email protected]
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