RenovatorsPlace

New Jersey Contractors: Not Just Garden Work in the Garden State

With a median household income of $55,146, New Jersey ranks as America's wealthiest state. It's also the most densely populated with all of its counties being deemed "urban" by the Census Bureau. With both population and pocketbook bursting at the seams, it's not surprising that New Jersey residents are busy building and remodeling their homes. Over 19,000 building permits have been issued in New Jersey so far this year, worth $2.58 billion, with demand coming from both big cities like Newark and smaller locales such as Princeton.

Harvard's Joint Center for Housing Studies identifies New Jersey as a state with highly appreciating property values. This means that purchasing older, less-expensive housing, and then renovating the property has become the only route to homeownership for many buyers. This helps explain the healthy demand for New Jersey contractors of all specializations, ranging from swimming pool building to window replacement and cabinet refacing.