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Remodeling Spending To Tick Up Through Mid-2025

The Leading Indicator of Remodeling Activity report says things will trend up after a modest downturn




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Housing inventory declines in November

Data from real-estate brokerage firm ZipRealty Inc. showed that the number of homes for sale declined by 3.8 percent in November in 26 major metropolitan areas, the Wall Street Journal reported. The information covers single-family homes, condos and townhouses for sale in cities where the Emeryville, Calif.-based firm operates. The inventory of homes was still 11.6 percent higher than November of last year, however.

Remodelers Exchange: Positioning for the expiration of energy retrofit tax credits

Professional Remodeler's Tom Swartz talks to remodelers Howard Chermak and Tom Panek about how the credits have helped their businesses and how they are positioning their companies for a post-credit market.

Remodeler of the Year: Marrokal Design & Remodeling

With a strong focus on marketing and sales combined with smart management, San Diego-based Marrokal Design & Remodeling has maintained profitability even as revenues dipped in 2009 before rebounding this year. Because of that success and the way the management team has positioned the company for the next generation of leadership, Marrokal is our Remodeler of the Year.

Corner Office: Online Project Management

HighCraft Builders is using technology to make sure the company, its clients and its trade partners are all communicating clearly.

Corner Office: HighCraft Builders stays strong with smart choices

Careful diversification has paid off for the Fort Collins remodeler.

Andersen Windows & Doors CEO retiring

Andersen Corporation CEO Jim Humphrey will retire from active management on March 31, 2011 and will be succeeded as CEO by Jay Lund.

NARI submits letter to Senate on lead rule

The National Association of the Remodeling Industry (NARI) submitted a letter to the U.S. Senate’s Committee on Small Business and Entrepreneurship, which has called a hearing on regulatory issues small business face. The letter centers on the U.S. Environmental Protection Agency’s (EPA) Lead Renovation Repair and Painting rules (LRRP).

NAR: Pending home sales rise in October, Midwest has largest gains

The Pending Home Sales Index rose to 89.3 in October, a 10.4 percent gain over the previous month, according to the National Association of Realtors. The index, which is based on contracts during October, remained 20.5 percent lower than in October 2009, when the deadline for the homebuyers tax credit caused a surge.

Consumer confidence rises, but housing market remains flat

Consumer confidence in the U.S. increased in November, rising to its highest level in five months. The Conference Board’s sentiment index rose to 54.1, exceeding estimates by a Bloomberg survey of economists that it would increase to 53. Meanwhile, the Institute for Supply Management’s business gauge rose to it highest since April, indicating that business activity also is increasing.

S&P Case-Shiller report: Rate of home price decline may be accelerating

The S&P/Case-Shiller home-price indexes showed that home prices went down between August and September, and that third quarter prices also were down, according to a report by the Wall Street Journal. The indexes also indicated that the rate of decline may be accelerating.

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