Latest News

  • Home builders and lumber dealers are reporting significant shortages of key home building materials such as lumber and wall board, according to recent surveys by the National Association of Home Builders and the National Lumber and Building Material Dealers Association. "Supply constraints are one of the barriers to a more robust recovery," says David Crowe, NAHB chief economist. "... more »
  • Whether manufacturers have direct interactions with their customers or whether they depend on a dealer base, customers ultimately hold the brand responsible for their satisfaction, according to the J.D. Power & Associates 2013 Windows and Patio Doors Satisfaction Study released today. Now in its seventh year, the study measures satisfaction among customers who purchased new windows or patio... more »
  • Kate Smith, a national color expert who works with Therma Tru Doors, is advising homeowners to match the color of their entry doors to their personalities to give guests a “preview” of the owner inside the home. “An entry door painted a bold shade of orange says, ‘I’m friendly, fun-loving and enjoy getting together with people,' so that’s the color for an... more »
  • Buoyed by rising home prices throughout much of the nation, both single- and multifamily housing starts are expected to post double-digit gains over last year in 2013. However, headwinds continue to hold back even stronger growth as the housing recovery evolves, according to economists at the National Association of Home Builders' Spring 2013 Construction Forecast Conference Webinar. "... more »
  • Spending by homeowners on improvement projects is expected to accelerate as the year progresses, according to the Leading Indicator of Remodeling Activity released April 18 by the Joint Center for Housing Studies of Harvard University. On top of the almost 10 percent growth reflected in U.S. Census Bureau figures for 2012, the LIRA projects strong gains in homeowner remodeling spending... more »
  • The 2013 forecast for construction-put-in-place is up 8 percent―$918 million―over 2012, according to consulting and investment firm, FMI. Even with the strong improvement, however, FMI does not expect annual construction to go above the trillion-dollar mark until 2015. Residential buildings have shown the most improvement. While single-family construction was up 23 percent, multifamily... more »
  • New residential construction activity saw a 26.5 percent increase in 2012 over the prior year, thanks to strong gains in the single-family and mulit-family segments, according to the new AAMA/WDMA 2012/2013 U.S. Industry Statistical Review and Forecast jointly released by the American Architectural Manufacturers Association and the Window & Door Manufacturers Association. The study forecasts... more »
  • 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 »