Month: October 2024

U.S. home renovations set for a rebound

Editorial Staff

As reported by the Wall Street Journal, Americans have more than $35 trillion in home equity — that’s an average of about $400,000 per U.S. homeowner, John Burns Research & Consulting estimates.  “We think there’s $30 billion in remodeling spending just sitting on the sidelines today, waiting to be spent,” Matthew Saunders, senior vice president of building products research at John Burns told the Wall Street Journal. In the John Burns poll, respondents broke out into two groups: 30+-year-olds planning work in the $60,000 range, and older homeowners planning on…

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U.S. Cities Investing the Most in Home Improvements

Editorial Staff

Home improvement spending, which surged during the COVID-19 pandemic, has recently slowed after peaking in 2022. As reported by Construction Coverage, the Harvard Joint Center for Housing Studies forecasts that the dip is temporary, and is expected to pick up mid-2025.  Home improvement spending varies across regions, with Utah and Idaho topping the list of states where homeowners took out the most loans in 2023. Read More

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Window Nation Announces Acquisition of ARMORVUE Window and Door

Editorial Staff

Window Nation, the third-largest window replacement company in the U.S., has recently announced its acquisition of Florida-based ARMORVUE Window and Door, as reported by PR Newswire. The new merger rebranded itself as “ARMORVUE Powered by Window Nation.”  The move aims to enhance operational efficiencies, expand product offerings and maintain each company’s commitment to high-quality service. Read More

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A Turn to Growth Expected for Residential Remodeling

Editorial Staff

After a modest decline, residential remodeling and repair spending is set to rebound by mid-2025, according to Harvard University’s Joint Center for Housing Studies. The Leading Indicator of Remodeling Activity (LIRA) projects a 1.2% increase in annual renovation expenditures, with spending rising from $472 billion this year to $477 billion by the third quarter of next year.  This forecast signals renewed momentum in the remodeling sector following a slight downturn, with spending levels expected to approach previous peak figures.  Read More

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Interior design firm channels energy of original designer to revive homes

Tom

Home Front Build, an architecture, interior design and construction firm founded by Steve Pallrand, works to channel the energy of the original architects and adapt those homes for the way we live today without compromising history.  “Instead of remodeling the home and making it something it isn’t, it’s about cherishing the original intent of that period of design without being dominated by it, so thatwe can add air conditioning, solar panels, remodel the kitchen, all the modern conveniences but still live in a home that feels a part of that…

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NAHB reports remodeling market sentiment dips in Q3

Editorial Staff

The National Association of Home Builders (NAHB) released its third quarter Westlake Royal Remodeling Market Index, showing that the quarter is down two points on average from 65 to 63. Both large- ($50,000+) and moderate-sized ($20,000 – $50,000) projects fell down three points, more than the two points small projects (under $20,000) lost. Despite the decline, most remodelers remain optimistic since an index of about 50 would still indicate a healthy market condition. Read more

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