Latest News

  • Total housing starts fell 4 percent in July to a seasonally adjusted annual rate of 1.19 million units from a downwardly revised reading in June, according to a report from the U.S. Housing and Urban Development and Commerce Department. The July reading of 1.19 million starts is the number of housing units builders would begin if they kept this pace for the next 12 months. Within this overall... more »
  • The J.D. Power 2019 Windows and Patio Doors Satisfaction Study ranked top window and patio door manufacturer and retailers. Infinity from Marvin ranks as the highest window and patio door manufacturer with a satisfaction score of 890, followed by Renewal by Andersen (887) and American Craftsman (869). For window and patio door retailers, Window World ranks highest with a score of 878 followed by... more »
  • Residential and commercial smart glass worth approximately $15 billion will be sold by the end of 2028, according to a new report from Future Market Insights. Up from the market value attained in 2018, the global sales of residential and commercial smart glass are estimated to observe a compound annual growth rate of over 15 percent from 2018 to 2028. Although much of the current demand is from... more »
  • Sales of newly built, single-family homes increased 7 percent to a seasonally adjusted annual rate of 646,000 units in June from a downwardly revised reading in May, according to data by the U.S. Department of Housing and Urban Development and the U.S. Census Bureau. On a year-to-date basis, new home sales for 2019 are 2.2 percent higher than the same period in 2018. "Though there is a clear... more »
  •       Growth in residential remodeling spending is expected to slow considerably by the middle of next year, according to the Leading Indicator of Remodeling Activity by the Remodeling Futures Program at the Joint Center for Housing Studies of Harvard University. The LIRA projects that annual gains in homeowner expenditures for improvements and repairs will shrink from 6.3... more »
  • The National Association of Home Builders' Remodeling Market Index posted a reading of 55 in the second quarter of 2019, rising one point from the previous quarter. The RMI has been consistently above 50—indicating that more remodelers report market activity is higher compared to the prior quarter than report it is lower—since the second quarter of 2013. The overall RMI averages... more »
  • Builder confidence in the market for newly built single-family homes rose one point to 65 in July, according to the latest National Association of Home Builders/Wells Fargo Housing Market Index. This marks the sixth consecutive month of sentiment levels holding at a steady range in the low- to mid-60s. "Builders report solid demand for single-family homes. However, they continue to grapple... more »
  • Near-record levels of rainfall, continued labor shortages and the impact of tariffs challenge construction business sentiment, according to Houzz Inc.'s Q3 2019 Houzz Renovation Barometer. The barometer tracks residential renovation market expectations, project backlogs and recent activity among businesses in the construction sector and the architectural and design services sector in the U.S. It... more »
  • Residential window and door growth decelerated slightly in 2018 with modest growth over 2017. The expectation is for the market to stay at or slightly above these levels until subsiding in 2020, according to the WDMA 2019 U.S. Industry Market Study released by the Window & Door Manufacturers Association. Sliding patio door growth is forecasted to decrease in 2019 and taper slightly in... more »
  • The overall size of new homes peaked in 2016 for this cycle and for the last three years has continued to moderate, according to new survey results from the American Institute of Architects. The Home Design Trends Survey for the second quarter of 2019—focusing on home and property design—also found that homeowners continue to place a priority on accessibility features. Other findings... more »