News & Opinions
The latest news and insights from Hanley Wood’s outspoken experts and key thought-leaders throughout the residential and commercial design and construction industry.
Joint Center for Housing Studies / January 29. 2015
In the aftermath of the Great Recession, the U.S. home improvement industry has fared much better than the broader housing market, according to a new report from the Joint Center for Housing Studies of Harvard University. Emerging Trends in the Remodeling Market, the latest biennial report in the Improving America’s Housing series published by the Remodeling Futures Program at the Joint Center, will be released by live webcast today at 12pm Eastern. While residential construction is many years away from a full recovery, the home improvement industry could post record-level spendingRead More
Index Posts 3.3% Year-Over-Year Gain, Forecast For a 2015 Firming Remains Unchanged
WASHINGTON, DC (November 13, 2014) — Metrostudy, a Hanley Wood company, announced today the release of its Third Quarter 2014 Residential Remodeling Index (RRI) detailing activity in the remodeling and replacement industry.
On a seasonally adjusted basis, the index posted a gain of 3.3% year-over-year in the third quarter. While the rate of growth was slower than the prior quarter, the RRI has now posted ten consecutive quarters with positive year-over-year gains since the market bottomed at the endRead More
Remodeling / October 13, 2014
Spending on home improvement projects will grow by 6% both this year and next thanks to gains in home prices and last year’s rise in home sales, but big-ticket projects won’t see as big a gain, Fitch Ratings forecasts.
The firm’s special report, issued Oct. 10, called for the home improvements product market to grow from $289.7 billion in 2013 to reach $307.1 billion this year and $325.5 billion in 2014. Fitch based its forecast on a broad array of indicators, including the gains in this year’s REMODELING Cost vs. Value report; the 4.8% year-over-year rise in existingRead More
REMODELING / August 21, 2013
Top full-service remodelers and home improvement contractors expect $3.84 billion in sales
America’s biggest remodelers expect to see a 19.9% increase in revenue from 2012, while the nation’s largest home improvement contractors are looking for a 14.5% gain this year, the just-issued Remodeling 550 shows.
The top 300 full-service remodelers responding to this year’s survey said that they expect to take in $1.35 billion this year, according to the report in the August issue of REMODELING. That compares with $1.12 billion in 2012 collected on 47,278 jobs at an average valueRead More
Victoria Downing / Remodelers Advantage / July 1, 2013
I’ve been working in the remodeling industry for over 20 years – working with remodelers of all shapes and sizes, as well as with representatives of companies who sell products and service to remodelers. It’s sort of amazing that I keep running into these two issues;
- Some building product companies go after remodeling sales when new construction halts but STILL abandon these efforts at the first sign of any health in new homes. BIG Mistake!
- Those companies who believe that the remodeling segment represents a huge opportunity for increased revenue and long term sales often don’t understand