Market Conditions
Market Conditions
Remodeling Spending To Tick Up Through Mid-2025
The Leading Indicator of Remodeling Activity report says things will trend up after a modest downturn
NAHB
NAHB: Remodelers Face Challenges and Opportunities
Remodelers face a uniquely strong market yet remain challenged by codes and costs
NAHB
NAHB Announces Action Plan for Housing Affordability
Six of the proposed 10 action items are important to residential remodelers
Market Conditions
Metros with the Highest and Lowest Remodel ROI
First-time homebuyers can find fixer-upper listings priced between 5 to 10% lower than move-in ready homes. The high return on investment of these projects shows that remodeling remains a strong option to navigate the current housing market
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Home Improvement
Home Improvement Spending Expected to Drop
Inflation will continue to hinder growth across the home improvement market, but it’s not all bad news for contractors
Market Conditions
Where Do Homeowners Take Out the Most Home Improvement Loans?
Homeowners may look to higher ticket projects in these states
NAHB
Strength of Remodeling Market Seen in Growing Balance Sheets
Home values continue to grow with the help of remodeling improvements, says the National Association of Home Builders
Leadership
A Stressful Purchase: Remodeling in Times of Uncertainty
How should remodelers react to anxious consumers? Director of Content Erika Mosse shares her experience
Market Conditions
Harvard Predicts Remodeling Growth Slowdown in 2023
The Joint Center for Housing Studies of Harvard University foresees a remodeling growth cooldown for the first half of next year
· Podcasts
How to Address Client Fears Amid Economic Shifts
In this episode of Remodeling Mastery, Mark Richardson shares insights into the softening market and how to communicate with clients
Market Conditions
40% of Homeowners Concerned with Home Improvement Affordability
Rising interest rates, prices, job security, and contractor availability are main factors impacting homeowners' decision to proceed with home improvement projects.
NAHB
Challenging Affordability Environment Offers Opportunities for Remodelers
Rising inflation, low inventory, and changing demographics make way for remodeling demand
Home Improvement
How Can Independent Home Improvement Companies Compete with Private Equity?
Private equity investors are aggressively purchasing larger home improvement companies. What should the smaller players do?
· Remodeling Mastery
Indicators of a Softening Market and How to Prepare
Market conditions could be changing, but don't panic. Richardson shares ways to stay on top of market conditions and how to prepare for any potential softening down the road.