In a post updated as of 9 a.m. ET on March 7, 2025 by the National Association of Home Builders (NAHB), it was stated that, The situation surrounding tariffs remains fluid, with a flurry of activity in Washington this week. On March 4, President Trump imposed tariffs of 25% on Canadian and Mexican goods entering the U.S. and slapped an additional 10% tariff on Chinese products, which follows an initial 10% tariff last month. Then on March 6, Trump announced a one-month tariff delay until April 2 on all products from…
Read MoreDay: March 12, 2025
Boomers are Putting Down Hundreds of Thousands on Renovating Their Homes to Age in Place
Between baby boomers and millennials, the housing industry in the United States is becoming a bit of a battle as boomers and lacking the needed inventory for retirement homes and millennials seek the limited stock of larger homes needed to grow their family. However, this means all good things for the residential remodeling industry as boomers with no mortgage payments turn to home improvement experts to age in place. According to Yahoo! News, Last year, existing home sales fell to their lowest level in almost three decades; nobody was selling their home or…
Read MorePristine Bay Area Home Had Room for Improvement
The home, located in Palo Alto, California, had a remodeling team of architect Schwartz and Architecture, builder Marrone & Marrone, structural engineer SWM & Associates, civil engineer Triad/Holmes Associates, landscape designer Boxleaf Design, lighting designer Loisos + Ubbelohde and interior designer Sarah Sherman Samuel. As seen in an online article from Dwell, the architect shared themselves, “The original home was designed by Frank Lloyd Wright protégé Aaron Green and built by Eichler Homes in 1966. In 1951, Frank Lloyd Wright hired Green as his West Coast representative, allowing him to…
Read MoreMost Popular U.S. States for Home Improvement
According to a report by the Joint Center for Housing Studies of Harvard University, U.S. consumers are predicted to increase spending on home improvements and repairs again in 2025. The data showed that annual expenditures for home renovation and maintenance will grow by 1.2% through the third quarter of 2025 amid a continued thaw in new home construction and sales of existing homes. “Annual spending for home improvements and maintenance is projected to grow from $472 billion today to $477 billion through the third quarter of 2025,” said Abbe Will,…
Read MoreHow Much Homeowners are Spending on Renovations Across Major U.S. Cities
According to a new report from Instant Roofer that analyzed data from the latest American Housing survey, it’s seeming that instead of moving and picking up a new mortgage, more American homeowners are opting to stay put and renovate. Their spending proves it: Home improvement spending has jumped to $790 billion annually — up 60% since 2019. Homeowners spend an average of $9,000 annually on bigger home improvement expenses, according to the survey. In certain U.S. metros however, homeowners are spending up to thousands more. GoBankingRates detailed the major cities…
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