Latest News

  • Nearly all respondents (87.6 percent) to the 2018 Off-Site Construction Industry Survey from the National Institute of Building Sciences Off-Site Construction Council indicated they had used offsite fabricated components in the past 12 months. NIBS defines offsite construction as “the planning, design, fabrication and assembly of building elements at a location other than their final point... more »
  • The NAHB Remodeling Market Index posted a score of 57 in the fourth quarter of 2018, only one point lower than the previous quarter. The score has held steady above 50 since the second quarter of 2013, which indicates more remodelers report market activity is higher compared to the prior quarter than report it is lower. Areas of market concern include rising labor and input costs, according to... more »
  • Gains in renovation and repair spending on owner-occupied homes in the U.S. will fall from 7.5 percent in 2018 to 5.1 percent in 2019, according to the most recent Leading Indicator of Remodeling Activity from the Remodeling Futures Program at the Joint Center for Housing Studies at Harvard University. Chris Herbert, managing director of JCHS, attributes the slowdown to slowing house price... more »
  • Houzz Inc. released the Q1 2019 Houzz Renovation Barometer, which tracks residential renovation market expectations, project backlogs and recent activity among businesses in the construction sector and the architectural and design services sector. The Barometer points to mixed expectations for home renovation market activity in the first quarter of the year.   “Current Barometer... more »
  • U.S. homeowners who leveraged secured financing to pay for renovations in 2017 were able to take on larger home improvement projects, with nearly three times the median spend of those who paid for renovations with cash-only ($32,000 versus $13,000), according to a study released today by Houzz Inc., in collaboration with Bank of America. The study explored the role of secured financing in U.S.... more »
  • Modernize released its latest Modernize Homeowner Index, a quarterly research study that measures sentiment among over 2,500 U.S. homeowners, designed to help home improvement professionals better serve the market. This new study focuses on how homeowners educate themselves about the home improvement projects they are interested in, how they find and choose contractors to work with, and how they... more »
  • Residential building in October increased two percent to $321.7 billion (annual rate), according to Dodge Data & Analytics. Despite the overall increase, single-family housing decreased four percent for the same period. Analysts cited affordability as a continuing market depressant. Single-family building eased in all major geographic regions, except for a four percent bump in the South... more »
  • One-third of homeowners used a credit card to pay for home renovations in 2017, according to a study released by Houzz Inc. in collaboration with Synchrony. Consumers charged $141 billion in home improvement product and service purchases to their credit cards in 2017, a 69 percent increase from 2011 ($84 billion).  Significantly, half of renovating homeowners used cash and no other form of... more »
  • Source for graph: NAHB The National Association of Home Builders’ Remodeling Market Index posted a reading of 58 in the third quarter of 2018, remaining stable from the previous quarter. The RMI has been consistently above 50 since the second quarter of 2013. A reading above 50 indicates that more remodelers report market activity is higher compared to the prior quarter than report it is... more »
  • Houzz Inc. released the Q4 2018 Houzz Renovation Barometer, which tracks residential renovation market expectations, project backlogs and recent activity among businesses in the construction sector and the architectural and design services sector. The Barometer points to a strong outlook for the home renovation market in the last quarter of the year. “Home renovation professionals... more »