House Renovations: People Are Still Doing Them

My neighbours have just put up the scaffolding on their house as they are due to have a completely new extension added on to their house. So much for the credit crunch! It seems that home renovations are still in demand, or at least they are in my local area. I guess it depends on where you live, but it is important to remember that the construction industry in general is suffering quite badly at the moment. Many people are refraining from having their house renovated because they don't want to spend their hard earned cash improving their homes during a recession. Money is going on much more important things.

However, judging from where i live, people are still indulging in house renovations...perhaps they think they may as well go for it? After all, we don't know when the recession is going to end.