Home Builders Association of Greater Springfield President Matt Bailey recently was featured in a Buffalo Reflex article that assessed the current state of the area’s housing economy.

To read the full article on buffaloreflex.com, click here.

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The New Normal

Matt Bailey of The Bailey Company has adjusted to the building market by switching to remodeling instead of new-home construction.

Posted: Wednesday, October 26, 2011 9:15 am

By Paul Campbell, Buffalo Reflex

Five years ago The Bailey Company built new houses or commercial structures almost exclusively, with virtually no remodeling; today remodeling accounts for 95 percent of its business.

The reason for this complete reversal? The firm had to adjust to the dismal housing market as more Americans have turned to remodeling instead of buying new homes.

Other builders have responded the same way, said Matt Bailey, owner of The Bailey Company and president of the Home Builders Association of Greater Springfield. The company has a Rogersville address, but actually is located in the city of Springfield.

The “new normal” is that …..

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