News

A recent home remodeling project in the downtown Greenville area has garnered significant recognition, winning three prestigious Bridge Awards from the Home Builders Association of Greenville. The award-winning remodel, executed by Stone Construction and Design, showcases exceptional craftsmanship and innovative design, reflecting the high standards of quality and creativity that the local contracting and remodeling industry aspires to achieve. The project not only enhances the aesthetic appeal of the home but also emphasizes functionality and sustainability, key considerations for modern remodels. This achievement highlights the importance of skilled professionals in…

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Renovate AI has launched an innovative app designed to transform the home remodeling and design process by utilizing artificial intelligence for instant visualizations. Founded by Sid Sarasvati in response to challenges faced in staging homes for sale, the app enables users to efficiently remodel and visualize both interior and exterior spaces. With features that allow for quick adjustments in wall colors, materials, layouts, and furniture placement, Renovate AI provides a comprehensive and realistic preview of potential design outcomes, significantly enhancing decision-making efficiency. The app’s capabilities streamline workflows by reducing the…

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The global green building materials market reached USD 346.4 billion in 2023 and is projected to grow to USD 716.4 billion by 2032, demonstrating a robust compound annual growth rate (CAGR) of 8.18% from 2024 to 2032. North America currently holds the largest market share, driven by increasing demand for eco-friendly materials, particularly in insulation applications, which are essential for enhancing energy efficiency and reducing heating and cooling costs. This surge is largely fueled by growing environmental awareness, government incentives promoting sustainable practices, and the rising popularity of certifications like…

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New home construction is showing signs of a potential revival, as recent data indicates a significant uptick in housing starts. Economists have pointed out that building more homes is essential to making homebuying more affordable. With cooling mortgage rates and falling home prices contributing to a renewed demand for new properties, the Congressional Budget Office projects a steady increase in housing starts over the next decade. In August, builders began nearly 10% more new homes compared to the previous month and saw a 4% year-over-year increase, marking a pivotal shift…

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The National Association of Home Builders (NAHB) is excited to announce its annual Careers in Construction Month this October, dedicated to highlighting the rewarding and financially viable careers in the construction industry. This month-long initiative will include various events aimed at engaging student chapters, fostering mentorship, and inspiring future industry leaders. Key activities include the kickoff at the Fall Leadership Meeting, outreach to local Boys & Girls Clubs for career readiness, and a focus on supporting student chapters through collaboration and resource sharing. Attendees are encouraged to participate in specific…

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The hardwood industry is facing significant challenges, primarily due to a lack of unified support for its associations and representatives who advocate for the truth about hardwood’s environmental benefits. As the industry grapples with declining markets, professionals are urged to shift their focus from individual manufacturing adjustments to collective action. The NHLA’s recent strategic plan emphasizes the necessity of a unified message to combat the misinformation surrounding hardwood lumber. The call to action highlights that individual efforts alone will not change the consumer perception or political narrative; instead, collaboration is…

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In 2024, the cost of roof replacement varies significantly, ranging from approximately $6,700 to $80,000, with the average cost around $11,500 for a standard-sized home. This wide price range is largely influenced by the choice of materials and the complexity of the roof design. While labor accounts for up to 60% of the total cost—averaging between $40 and $60 per hour—material expenses also play a crucial role, with prices varying based on the type of roofing selected, such as asphalt shingles, metal, or slate tiles. Homeowners and contractors alike should…

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Long Island’s evolving architectural landscape reflects a blend of historical influence and modern demands, as local builders adapt to changing preferences and materials. As noted by Alex Lipsky of Lipsky Construction Management, there is a growing push for bold colors and high-end finishes, signaling a shift from the traditional gray aesthetics of the past. The rise in modernized construction is driven by the need to replace aging materials with more durable options, such as composite products taking the place of wood, due to their longevity. Supply chain disruptions from the…

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In August, the prices for inputs to new residential construction, excluding labor, capital investment, and imports, saw a slight decrease of 0.1%, as reported by the U.S. Bureau of Labor Statistics’ Producer Price Index (PPI). Year-over-year, the index increased by 0.8%, down from a 1.8% rise in July. This index is divided into goods and services components, with goods showing a modest annual increase of 0.2% while services rose by 1.9%. For context, the overall final demand index saw a 1.7% increase in August, reflecting flat demand for goods but…

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Elliott Pike, founder of ELM Construction, was named the 2023 Remodeler of the Year by the National Association of Home Builders (NAHB). This esteemed award reflects Elliott’s commitment to client satisfaction, underscored by positive feedback, strong customer testimonials, and impressive repeat business. Elliott expressed his gratitude for the recognition, noting the honor of standing out among countless remodelers across the country. Founded in 2008 from Elliott’s spare bedroom, ELM Construction has grown into a leading remodeling company in Alabama and beyond. Elliott attributes this success to his dedicated team, emphasizing…

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