Latest News

  • 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 »
  • 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 »