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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Remodelers, Home Improvement Firms Bullish, Survey Finds

New Index by HomeAdvisor Farnsworth shows optimism over 2017 prospects By Craig Webb A nationwide poll of nearly 1,750 remodelers and home improvement specialists released today indicates the industry expects higher revenues and high confidence about getting new business despite some concerns over hiring skilled workers. The results are part of the inaugural HomeAdvisor Farnsworth […]

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Millennial Home Ownerships is on the Rise in these Areas

Millennials are, in fact buying homes, and they need your help fixing them! Here’s the areas where millennials score the highest rates of home ownership., a financial advice site, is out today with a report pinpointing where millennials score the highest rates of home ownership. The top spot? Souix Falls, S.D. Among the key […]

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Home Improvement Suggestions for the Cautious Client

Even if they know they want a change, homeowners can be nervous about taking the remodeling plunge. Here’s how to help guide them from hesitation to anticipation. By Kacey Bradley Helping a client to develop their dream space is more challenging than it may appear on the surface. Often, a homeowner knows they want a […]

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Homeowners Hired Pros to Remodel 66% of Kitchens, 58% of Baths, NKBA Survey Finds

K+B business for all renovations, new homes worth $134 billion in 2015 Roughly one out of every 10 households undertook a kitchen remodel or replacement project in 2015, and two-thirds of them hired a professional remodeler for the work, the National Kitchen & Bath Association said in a new study released today. That same research […]

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Big Remodelers’ Margins, Profits Are Up, NAHB Survey Finds

Poll finds rebound from 2011, 2003 studies By Craig Webb Big remodelers’ profit margins in 2015 had not only recovered from the Great Recession but even beat where they were in 2003, a new survey released today by NAHB Remodelers indicates. The gross profit margin of the 141 remodeling companies taking part in the poll […]

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Home Improvement, Repair Spending to Stay Robust This Year

Harvard Center’s LIRA points to 6.7% rise in spending in 2017 Spending nationwide for home improvements and repairs will rise 6.7% to reach $317 billion in 2017, according to the Leading Indicator of Remodeling Activity (LIRA) published by the Remodeling Futures Program at the Joint Center for Housing Studies of Harvard University. That increase nearly […]

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Where Is Remodeling Headed? These Niche Areas Point the Way

Aging in place leads the way, supplanting energy efficiency By Craig Webb Remodelers looking for the next niche sector for growth should check the results of this survey, conducted this month by The Farnsworth Group and reported Oct. 25 at the Fall Remodeling Futures Conference put on by the Joint Center for Housing Studies of […]

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Remodeling Market Might Ease Off the Gas

A recovering economy is great news for the majority of Americans, though for many remodelers, it’s a sign they might need to adjust they way they do business … again. The economic downturn forced remodelers to adopt new strategies to survive in a changing market — strategies that generally led to sustained profit growth: The newly-released 2017 Remodelers’ Cost of […]

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