Remodeling

Remodeling Demand Is Strong Despite Material and Labor Shortages

October 18th, 2021
Remodeler’s confidence increased in the third quarter, with the NAHB/Royal Building Products Remodeling Market Index (RMI) posting a reading of 87, according to the National Association of Home Builders (NAHB). The NAHB/Royal Building Products RMI survey asks remodelers to rate...

A Strong Year Ahead for the Remodeling Industry

October 25th, 2021
The industry expects a robust year for remodeling in 2022, according to the Leading Indicator of Remodeling Activity (LIRA), which reported strong growth in home improvement and maintenance spending. The findings: LIRA, released by the Remodeling Futures Program at the...

National Kitchen & Bath Association Predicts Strong Year-End Despite Cooldown

December 14th, 2021
The National Kitchen & Bath Association (NKBA)—a nonprofit trade association for the kitchen and bath industry—and John Burns Real Estate Consulting (JBREC) recently released its most recent Kitchen & Bath Market Index (KBMI), aimed at measuring the health of the kitchen and bath...

Labor and Materials Might Constrain Remodeling Growth, but the Pandemic Is Only Part of the Story

January 25th, 2022
Editor’s Note: The following is a commentary by Carlos Martin, project director for the Remodeling Futures Program at the Joint Center for Housing Studies at Harvard University. The Remodeling Futures Program seeks to produce a better understanding of the home...

Residential Remodeling Costs Rise in Metro Areas

February 24th, 2022
Homeowners should expect to reach deeper into their wallets if they want to update their homes this year, according to projections by the Remodeling Futures Program at the Joint Center for Housing Studies of Harvard University. Home improvement expenditures will...

Pandemic Makeover: Livability Edition

April 6th, 2022
A new joint study from the National Association of REALTORS® (NAR) and the National Association of the Remodeling Industry (NARI) is breaking down some of the changes in home improvement projects, as both the underlying costs and timing, along with...

Boomer, Millennial Homeowners to Drive Remodels Over Next Decade

March 1st, 2017
Generational shifts are set to give rise to more investment in remodeling, as baby boomer homeowners adopt accessible living, Gen Xer homeowners complete put-off projects and millennials become homeowners, according to a recently released report by the Harvard University Joint...

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