Month: September 2024

Spring offers an ideal opportunity for homeowners to enhance their living spaces with high-ROI remodeling projects. According to Westlake Royal Building Products, the top five projects to consider this season include kitchen and bathroom updates, stone veneer installation, new windows, siding replacement, and decking upgrades. Minor renovations in kitchens and bathrooms, such as updating hardware or adding decorative trim, can yield impressive returns—96.1% for kitchens and 73.7% for bathrooms. For a more substantial impact, stone veneer, with its ability to add texture and character, offers a remarkable 153.2% ROI and…

The U.S. residential remodeling market, valued at approximately $527.36 billion in 2023, is expected to expand at a compound annual growth rate (CAGR) of 4.6% through 2030. This growth is driven by rising homeowner demand for aesthetically appealing and technologically advanced interiors and exteriors. Increased disposable income and the popularity of home automation and smart appliances are also contributing to this trend. Contractors should note the growing emphasis on integrating smart systems and advanced materials, as well as the heightened demand for specialized services, such as concrete and masonry or…

The global stone flooring market, valued at approximately USD 12.8 billion in 2023, is poised for significant growth, with an anticipated CAGR of over 5.7% from 2024 to 2032. This expansion is driven by rising demand for high-quality, aesthetically pleasing, and durable flooring solutions in both residential and commercial spaces. Luxury stones like marble and granite are particularly sought after due to their elegance, longevity, and eco-friendly attributes, making them popular choices for upscale homes and new construction projects. The increasing preference for sustainable and high-end materials, coupled with ongoing…

Starting Your Home Remodeling Project: Essential Tips for Contractors As homeowners consider remodeling, the driving factors vary widely—from updating outdated aesthetics to increasing energy efficiency and adding functional space. Before diving into a project, it’s crucial for homeowners to clearly define their goals. They should start by listing their priorities, such as upgrading kitchens or enhancing energy efficiency, and gather inspiration from magazines and websites to help visualize their ideal remodel. Understanding traffic patterns, furniture placement, and the specific needs of the remodeled space, such as accessibility features, will guide…

The global home improvement market, valued at $867.6 billion in 2023, is projected to grow at a compound annual growth rate (CAGR) of 6% from 2024 to 2032, driven by rapid urbanization, increased disposable income, and evolving consumer preferences. Homeowners are increasingly investing in modern, energy-efficient, and luxurious living spaces. As urban areas expand and living standards rise, there’s a growing demand for homes equipped with the latest technologies and sustainable solutions. This shift is further supported by trends toward smart home systems and eco-friendly materials, such as solar panels…