Latest News

  • Housing production across the nation moved up 0.8 percent to a seasonally adjusted annual rate of 917,000 units in February, according to newly released figures from the U.S. Department of Housing and Urban Development, and the U.S. Census Bureau. The slight uptick represents gains in both the single-family and multifamily sectors. Single-family housing starts saw a 0.5 percent gain to a... more »
  • After languishing for several years, the U.S. remodeling industry appears to be pulling out of its downturn, and a renewal of the nation’s housing stock is underway, according to a new report from the Joint Center for Housing Studies of Harvard University.  Entitled The U.S. Housing Stock: Ready for Renewal, the 36-page study sees foreclosed properties being rehabilitated, sustainable... more »
  • All signs point to a strong rebound for home improvement activity in 2013, according to the Leading Indicator of Remodeling Activity released today by the Joint Center for Housing Studies of Harvard University. Robust spending in the second half of 2012 suggests the remodeling recovery is already underway, and the LIRA projects annual homeowner improvement spending will see accelerating double-... more »
  • Renewed optimism has residential contractors projecting revenue growth during the coming years, which is changing their strategies for how they bid jobs and select products, and where they shop for building products, according to new study from L.E.K. Consulting. The company's third Contractor Behavior Survey finds contractors are slightly less price sensitive when choosing building products and... more »
  • More than 62 percent of online consumers interested in learning more about home automation cite security as their primary purchase motivation, according to new research by the Consumer Electronics Association.  Its recent survey found that almost half (49 percent) of consumers are familiar with home automation systems that allow them to remotely monitor and control one or more technology... more »
  • Executives at the Roto Group, the Germany-based hardware manufacturer, see many global markets deteriorating in the second half of 2012 and now fear a “significant downturn” in 2013. At the company's 7th International Trade Press Day, Eckhard Keill, Roto Frank AG CEO, reported that, when looking at various countries, there is either a downward trend, as in South Europe, or a slowdown... more »
  • An improving housing market and record low interest rates are driving projections of strong gains in home improvement activity through the end of the year and into the first half of 2013, according to the Joint Center for Housing Studies of Harvard University. Its Leading Indicator of Remodeling Activity released today suggests that the seeds for what appears to be a very robust remodeling... more »
  • Sparked by rising home prices across much of the nation, the housing recovery is now under way, but fiscal uncertainties and other challenges could result in a bumpy ride in the coming months, according to economists participating in a National Association of Home Builders webinar held yesterday. “We’re seeing a more robust housing sector than many other parts of the economy,”... more »
  • With growth spurred by a rebound in housing completions and gains in construction spending from a depressed 2011 base, demand for windows and doors in the U.S. is forecast to rise 9.3 percent per year over the next several years, according to a new report from The Freedonia Group Inc.  Total demand for both the residential and nonresidential markets is expected to reach $34.2 billion by... more »
  • The September 2012 IHS Global Insight/HIRI Home Improvement Products Market Forecast projects total home improvement product sales for 2012 will reach $274 billion, a 4.9 percent increase over 2011.  The report sees the market improving another 4 percent in 2013. Economic ForecastAs employment growth accelerates and housing markets improve in 2014, stronger growth of home... more »