As The Economy Tumbles, Families Converge Under One Roof, Says New York Construction Expert

Arc III Construction Corp., a Brooklyn-based construction firm offering high-end renovation services, helps redesign homes as generations of families come together.

According to Alex Chiesi, president and founder of Arc III Construction Corp. (http://arc3construction.com/), a full service design, remodeling, and construction firm that specializes in remodeling jobs throughout the tri-state area, the current economy has forced extended families to live together.

“We are seeing an increasing number of people selling off their apartments or dwellings and opting to move in with other family members in an effort to save money,” says Chiesi. “As a result, many single family homes are being remodeled for additional space and to add apartment units.”

According to Chiesi, new reports show that the number of multi-generational homes across the United States increased nearly 25 percent from 2000 to 2008 and it is estimated that there will be even more of a demand for home remodeling to accommodate additional family members in the coming years.

“The recession has slowed most homebuilding in the United States almost to a standstill, but it has fueled the demand for remodeling projects to accommodate growing families,” says Chiesi. “As unemployment hovers around 10 percent and healthcare costs continue to rise, families are cutting costs by sharing shelter.”

Whether a conversion from a single family home into a two-family structure, or a brownstone renovation to include an apartment, Chiesi says that families are increasingly hiring New York construction firms to help them accommodate their extended families.

Arc III Construction is a multi-disciplined New York construction management and engineering firm specializing in project planning, risk management, program management, project due diligence, construction management, critical path method scheduling, schedule delay analysis, construction cost estimating, construction claims, quantification of damages, defect evaluation & analysis, and construction training. Incorporated in 1995 as a residential contractor, ARC III Construction has grown to become one of New York City's finest general and finish contractors offering custom furniture, millwork, and high-end renovation services. For more information call 917-547-1728 or visit www. arc3construction.com.

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