October 21, 2013
The home remodeling market continues to improve, with strong gains expected for the remainder of 2013 and the beginning of 2014, according to the Leading Indicator of Remodeling Activity released, October 17, by the Remodeling Futures Program at the Joint Center for Housing Studies of Harvard University. While the LIRA continues to project annual improvement spending increasing at a double-digit... more »
October 15, 2013
Planese, Inc., a consulting firm focused on helping homeowners through the remodeling process, announced that homeowners across the country are now willing to spend 30 percent of the value of their home when they remodel. The findings are part of the Fall 2013 Remodeling Sentiment Report, a forward-looking report based on data from the Planese and www.remodelormove.com survey of homeowners... more »
October 15, 2013
Housing markets in 52 out of the approximately 350 metro areas nationwide have now returned to or exceeded their pre-recessionary levels of activity, according to the new National Association of Home Builders/First American Leading Markets Index. The index’s nationwide score of .85 indicates that the nationwide housing market is running at 85 percent of normal activity.
Baton Rouge, La.,... more »
October 3, 2013
With home prices and household formations rising and household balance sheets healing, the ongoing housing recovery is expected to gain momentum next year, even as several challenges remain, according to economists who participated in the National Association of Home Builders Fall 2013 Construction Forecast Webinar.
"The cards are in play for a decent and fairly strong recovery in 2014 and... more »
September 27, 2013
According to newly released figures from the U.S. Department of Housing and Urban Development and the U.S. Census Bureau, sales of newly built, single-family homes rose 7.9 percent to a seasonally adjusted annual rate of 421,000 units in August, partially offsetting a dip in sales activity in July as consumers reacted to higher interest rates, according to the National Association of Home... more »
September 3, 2013
The American Architectural Manufacturers Association and the Window & Door Manufacturers Association jointly released the August update to the AAMA/WDMA 2012/2013 U.S. Industry Statistical Review and Forecast containing information on window, door and skylight market trends and product relationships.
For at least the next two years, total housing starts will follow a... more »
August 20, 2013
Masonite International Corp. recently opened a 200,000-square-foot interior door manufacturing facility in Denmark, S.C. Located in Bamberg County, the new operation features premier automation technology that will help the manufacturer improve product quality and safety while distributing its interior residential door products to the southeast market faster, company officials report.... more »
August 16, 2013
Housing starts rose 5.9 percent nationwide, as multifamily construction rebounded from a dip in the previous month, to a seasonally adjusted annual rate of 896,000 units in July, according to HUD and U.S. Census Bureau figures released in an Aug. 16 National Association of Home Builders report. Single-family housing starts declined 2.2 percent from an upwardly revised pace in June to a... more »
August 15, 2013
The Buildfax Remodeling Index reported June residential remodels authorized by building permits in the United States at a seasonally adjusted annual rate of 3,447,000. This rate is 1 percent below the revised May rate of 3,492,000 and 21 percent above the June 2012 estimate of 2,844,000, according to an Aug. 15 release.
"With such month-to-month volatility, the traditional month-over-month... more »
August 13, 2013
McGraw Hill Construction forecasts a six percent climb in total new construction starts for 2013, with single-family housing advancing 28 percent in dollars or 24 percent in the number of dwelling units, to 640,000. The inventory of new homes for sale is currently very low, which should spur more construction, McGraw Hill predicts in its Aug. 12 Midyear Update to the 2013 Construction... more »