May 31, 2016
Sales of newly built, single-family homes rose 16.6 percent in April from an upwardly revised March reading to a seasonally adjusted annual rate of 619,000 units, according to newly released data by the U.S. Department of Housing and Urban Development and the U.S. Census Bureau. This is the highest sales pace since January 2008.
“Builders remain optimistic about the housing market,... more »
May 6, 2016
U.S. window and door sales strengthened in the first quarter of 2016 due to a 14.5 percent increase in housing starts and a 12.5 percent rise in nonresidential building construction spending. Metal door sales received a boost from double-digit increases in nonresidential building construction over the past two years. Wood door and all window sales also benefited from the surge in single-family... more »
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 »