Kermit Baker, Chief Economist with the American Institute of Architects, and Kemp Harr discuss the outlook for growth in 2025 and beyond for both the commercial and residential flooring sectors. Read More
Read MoreTag: remodeling
Utah Home Remodel Experts Release Updated Home Remodeling Cost Projections for 2024-2025
Utah Home Remodel Experts is proud to announce the release of updated cost guides for home remodeling projects in 2024 and 2025, empowering Utah homeowners with the knowledge they need to budget effectively for their dream homes. This update reflects current market trends, material costs, and labor rates, providing a transparent view into what homeowners can expect to invest in transforming their spaces. The cost of remodeling a kitchen in Utah has seen adjustments due to fluctuations in material pricing and increased demand for premium features. Homeowners can expect: Mid-range…
Read MoreHow to Inspire Home Improvement Spending in 2025 and Beyond
Home improvement is a lot like eating potato chips, once you start, it is tough to stop – homeowners want to make improvements to their space. Whether it is to spice things up or making a necessary repair, a simple update or a complex fix, most consumers do one or more home improvement projects a year, and 95% make a home improvement product purchase annually. It comes down to inspiring and enticing the consumer with less expensive and more focused home improvement solutions. Read More
Read MorePrivate Residential Construction Spending Rises in October
Private residential construction spending increased by 1.5% in October, according to the latest U.S. Census Construction Spending data. Year-over-year, the October report showed a 6.4% increase. The monthly increase in total private construction spending was primarily driven by higher spending on residential improvements. Improvement spending surged by 2.7% in October and was 18.5% higher compared to the same period last year. Read More
Read MoreWinning Client Trust: Four Key Strategies for Remodelers
For remodeling professionals, building trust is an essential part of the job. Trust enhances relationships with clients, ensures successful project outcomes, and promotes ongoing business referrals and success. Here are four strategies you can use to build trust and enhance client satisfaction. Read More
Read MoreRemodeling Market Growth Trends Shaping the Future of Home Design and Renovation
The global Remodeling Market is projected to reach $5.46 billion by 2030 from $3.80 billion in 2020, at a CAGR of 4.1% from 2024 to 2030. The Remodeling Market evaluation report from Exactitude Consultancy provides information on the major business trends that will impact the market’s growth between 2024 and 2030. Read More
Read MoreSurvey shows uptick in home renovation projects, but insurance coverage still lags
As the housing market continues to evolve and mortgage rates remain elevated, many U.S. homeowners are choosing to invest in their current properties rather than enter the uncertain market for a new home. New data from Nationwide shows that many are opting instead to invest in home renovations, repairs, and other upgrades to meet their needs. According to Nationwide’s most recent Homeowners Survey, 51% of homeowners say they have completed a major home renovation project within the past two years. While share of empty nesters undertaking home renovations is similar to that…
Read MorePros Expect an End-of-Year Rebound Following Slowed Activity
“Home remodeling and design professionals are optimistic as the year draws to a close, with more firms anticipating an increase in business activity than a decrease in the final quarter of 2024. This follows an overall decline in business activity in the third quarter of the year. Meanwhile, wait times in the industry are similar to last year’s and hovering around historic averages..” Read more
Read MoreNavigating Regulations and Permits: Top Five Tips for Remodelers
NARI reports that remodelers who want to streamline their processes and create better experiences for homeowners should follow these five tips: understand local requirements; obtain necessary permits; acquire licensing and insurance; consider lead safety regulations; and stay informed about regulations. Read more
Read MoreMost Homeowners Over Budget on Remodels, Report Finds
According to research from Clever Real Estate, a St. Louis-based real estate company, 2/3 of homeowners who embarked on a home remodeling project have fallen into debt. While some went over budget by $5,000, many more experienced unforeseen challenges, resulting in halted projects and mid-project layoffs. Still, 93% of homeowners say they plan to pursue a major renovation in the future, though more than half may undertake DIY projects to save money. Read more
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