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U.S. Existing-Home Sales Rise 1.1 Percent in May

REUTERS – U.S. home resales unexpectedly rose in May to the third highest monthly level in a decade and a chronic inventory shortage pushed the median home price to an all-time high. The National Association of Realtors said on Wednesday existing home sales increased 1.1 percent to a seasonally adjusted rate of 5.62 million units […]

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A New, Millennial America

A changing of America’s cultural tide BY JAMES F. MCCLISTER | June 16, 2017 There’s a profound demographic shift in American culture. Its origin? Millennials. While there’s some debate about the exact birth years for this generation, Millennials are generally defined as those born between 1982 and 2004. In thinking about this group in the […]

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Makeover Mania: Is the Remodeling Frenzy Changing the Industry?

Consumer home improvement sources like Houzz and HGTV are more popular than ever. For pros, is that a blessing or a curse? By Laura McNulty Remodeling is having a moment in the spotlight. It’s difficult to turn on the TV without seeing one of the hosts of a home remodeling show; HGTV saw 13% ratings […]

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A renovation boom is turning homes into ATMs again

A renovation boom is turning homes into ATMs again Homeowners are staying in place with available homes at record lows. Home equity lines of credit are booming with higher housing values. The new home equity boom comes just as the pain of the last line boom is ending. Diana Olick | @DianaOlick Friday, 26 May […]

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Kitchen, bathroom remodels lead as aging-in-place picks up

by Katy Tomasulo – Construction Dive Dive Brief: Kitchen renovations were the most popular type of remodeling project in 2016, according to the National Association of Home Builders, narrowly beating bathrooms. As part of the Remodeling Market Index survey, 81% of remodelers surveyed said kitchens were their most common project last year, while 80% said bathrooms were […]

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Remodeling Activity Is Continuing Its Five-Year Growth Climb

Index finds 4.5% year-over-year rise in pro-worthy projects By REMODELING Staff Pro-worthy remodeling activity nationwide recorded its 20th straight quarter of growth during 2017’s first three months and looks set to keep rising, albeit a bit more slowly, through 2020, today’s release of Metrostudy‘s latest Residential Remodeling Index (RRI) indicates. The index hit a new high […]

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New Report Pegs Kitchen Remodeling Industry At $49 Billion

More than 10 million households remodeled their kitchen in 2015, amounting to a $49 billion annual industry according to research from the National Kitchen & Bath Association (NKBA). The NKBA U.S. Market Size Study: Kitchen Products also found that consumer spending in this market ranges from an average of $1,024 for a simple replacement job, […]

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3 Steps to Being a Successful Franchise Owner Under 30

Fact: Most people dream about being their own boss at some point in their lives. That said, the thought is usually fleeting and typically comes to mind after a long day at work or tough conversation with the boss. Career frustrations aside, this idea has materialized more among young adults who have been forced to […]

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Renovation Spending Continues To Grow

Cambridge, MA – Strong gains in home remodeling and repair activity are expected to ease moving into next year, according to the Leading Indicator of Remodeling Activity (LIRA) released today by the Remodeling Futures Program at the Joint Center for Housing Studies of Harvard University. The LIRA projects that annual growth in home improvement and […]

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Outdoor Projects on the Rise

The annual QR Outdoors outdoor living research survey shows increasing activity and quantifies project sizes as well as scopes:    

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