May 3, 2016
A new study, conducted by Consumer Specialists, on how homeowners approach a home improvement project, concluded that the post-recession hypothesis that homeowners would be less likely to focus on adding value to their homes when remodeling, is wrong.
"The rating for importance of information on the 'impact on my home's value' actually went up marginally from before the... more »
April 19, 2016
Houzz Inc. released its Q1 2016 Houzz Renovation Barometer, which tracks confidence in the home renovation market among industry professionals. The Q1 2016 Barometer readings reflect strong quarter-over-quarter confidence for all industry groups and indicate a seasonal uptick in market activity.
“While Barometer readings continue to reflect year-over-year market improvements across... more »
March 22, 2016
Nationwide housing starts rose 5.2 percent to a seasonally adjusted annual rate of 1.178 million units in February, according to newly released data from the U.S. Department of Housing and Urban Development and the Commerce Department. Single-family production increased 7.2 percent to 822,000 units, its highest level since November 2007, while multifamily starts remained virtually unchanged,... more »
March 1, 2016
Window sales could increase by 7.9 percent to $11.5 billion during 2016 and door sales could increase by 5.5 percent to $15.0 billion. Unit sales are expected to increase to 91 million windows and 120 million doors this year, according to a recent report from Catalina Research.
Growth will benefit from an estimated a 9.7 percent increase in housing starts, according to the company, which reports... more »
January 26, 2016
Spending on residential remodels will keep climbing, according to the National Association of Home Builders. Professional remodelers from around the country agreed with the forecast, citing clients' increased financial security.
NAHB projects that remodeling spending for owner-occupied single-family homes will increase 1.1 percent in 2016 over 2015, and another 1.9 percent in 2017.
"After... more »
January 19, 2016
Denver topped the list of the hottest housing markets in 2016, according to a survey by Zillow. The Rocky Mountain tech hub beat Seattle and Dallas-Fort Worth for the top spot, driven by a convergence of metrics.
The survey looked at cities’ income growth, unemployment rate, and forecasted home value appreciation. Omaha had the lowest unemployment at 2.9 percent, Richmond, Va. had the... more »
December 16, 2015
Mergers and acquisitions were widespread in 2015, as two dozen window and door companies made investments or sold assets. This followed the national trend of massive corporate mergers across a variety of industries—i.e. Marriott (Starwood), Walgreens (Rite Aid), Anheuser-Bush (SABMiller), Dell (EMC), Anthem (Cigna) and AT&T (DirecTV), to name a few.
“Participants are seeking... more »
September 24, 2015
New construction starts in August dropped 11 percent to a seasonally adjusted annual rate of $554.5 billion, according to Dodge Data & Analytics. During the first eight months of 2015, however, total construction starts on an unadjusted basis were $446.1 billion, up 15 percent from the same period in 2014.
“While August construction starts were notably subdued compared to recent months... more »
July 13, 2015
The $8.3 billion market for windows and patio doors in residential and light commercial uses will experience an average growth rate of 7 percent through 2017, according to a new Principia Report. This comes after a time that windows and patio doors manufacturers made only incremental changes since the housing crisis, when manufacturers cut their research and development budgets due to the... more »
March 17, 2015
Housing starts fell way below the previous month's mark in February, according to Hardware+ Building Supply Dealer, though the dip was consistent with seasonal patterns from a year prior.
The report goes on to state that starts were at a seasonally adjusted annual rate of 897,000 last month, 17 percent below the revised January estimate of 1,081,000.
The data for building permits suggests good... more »