The global faucet market is projected to grow from USD 23.27 billion in 2025 to USD 31.03 billion by 2030, reflecting a steady CAGR of 5.93%, driven by urban housing upgrades, hospitality expansion and rising sustainability standards. Advances in touchless and disc-valve technology, along with the use of stainless steel and water-efficient designs, are reshaping performance and pricing trends. Governments tightening water-use regulations and promoting eco-labels are pushing manufacturers toward innovation and sustainability. Meanwhile, the surge in online retail and direct-to-consumer sales is transforming buying behavior, enhancing transparency and increasing…
Read MoreMonth: October 2025
Builder confidence rises
Builder confidence upticks to highest reading since April. This is supported by 50-point breakeven mark for future sales expectations. Despite market and macroeconomic hesitations the building and remodeling industries remain resilient. As The National Association of Home Builders (NAHB) and their NAHB/Westlake Royal Remodeling Market Index (RMI) relays this positive trend. “The HMI gain in October is a positive signal for 2026 as our forecast is for single-family housing starts to gain ground next year,” said NAHB Chief Economist Robert Dietz. “The 30-year fixed-rate mortgage fell from just above 6.5%…
Read MoreConstruction Materials Market Outlook Report 2025-2030
The global construction and building materials market is experiencing rapid transformation driven by urbanization, sustainability goals and advancements in digital technology. Valued at $2.04 trillion in 2024 and projected to reach $2.89 trillion by 2030, the market’s growth reflects rising demand for innovative, low-emission materials and efficient building techniques. As cities expand and environmental regulations tighten, builders and manufacturers are prioritizing materials that balance performance with sustainability. This evolution underscores the need for industry leaders to adapt to new economic, technological and regulatory conditions shaping construction worldwide. Innovation and technology…
Read MoreBuilding envelope market size
In 2024, the North America building envelope market size was valued at 35.24 billion. By 2034 growth is projected to reach 60.63 billion by 2034. This reflects a compound annual growth rate (CAGR) of 5.58% from 2025 to 2034. High-performing envelopes are the most effective way to reduce the thermal needs of buildings.For both home builders and remodelers, building with high performance in mind is shifting from a luxury to a standard. Top products in the market include insulation materials, cladding systems and roofing systems. According to Precedence Research, “North…
Read MoreAIA home design trends survey
The American Institute of Architects (AIA) released their Home Design Trends Survey (HDTS) results for Q3 2025. The survey is conducted quarterly by consulting a panel of 300+ residential architecture firms. It allows architects to discuss upcoming trends in residential design. This survey is then used to relay these trends throughout the construction and remodeling industry. The home design survey addresses different areas like products, special room functions, systems and technology and special features. The most important products revealed is low maintenance materials with 48% of respondents reporting its popularity. Smart…
Read MoreLuxury Home Remodeling: Top Trends and 2025-2026 Guide
Luxury home remodeling in 2025–2026 is redefining what it means to live well, blending sophistication with sustainability, technology and wellness. Homeowners are prioritizing eco-friendly materials like bamboo, recycled metals and low-VOC finishes while integrating energy-efficient systems, water-saving fixtures and solar technologies. Smart home features—such as AI-driven climate control, biometric security and centralized automation hubs—are now the new symbols of luxury. At the same time, design is becoming more personal and wellness-focused, with spaces that promote relaxation and mental clarity through spa-inspired bathrooms, yoga studios, natural light and indoor greenery. Customization…
Read MoreHow construction companies can solve the workforce shortage
The construction industry faces a growing labor shortage that’s expected to intensify over the next two years. An estimated 439,000 additional workers will be needed in 2025—and nearly 500,000 in 2026—as construction spending rises. This shortfall threatens to slow project timelines, raise costs, and compromise safety and quality. The industry’s long-term health depends on attracting new talent, especially younger workers and career changers and investing in their training and mentorship. Building proficiency in the trades takes time, making early and sustained investment in workforce development essential. The shortage is most…
Read MoreTariffs on kitchen cabinets and lumber begin
Talk on tariffs affecting materials across the construction industry has taken over the past few months. This discussion is now a reality. On Oct. 14, the additional 10% tariff on softwood lumber and timber imports took into effect. This increases the current tariffs on Canadian lumber to a total of 45%. While duties on wood products from the UK will not exceed 10% and imports from European Union and Japan will not exceed 15%. Currently, up to 85% of all U.S. lumber imports hail from Canada. New rates will apply to…
Read MoreStucco No Longer Most-Used Exterior Wall Material
For the first time since 2018, vinyl siding has reclaimed its spot as the most commonly used exterior wall material for new homes, according to the U.S. Census Bureau’s 2024 Survey of Construction. Vinyl or vinyl-covered aluminum siding was used on 26% of homes started that year, edging out stucco at 25% and fiber cement at 23%. While vinyl’s market share has hovered around a quarter for the past decade, it once dominated at 40% in 2001 before declining in the mid-2010s. Meanwhile, stucco’s popularity surged from 17% in 2010…
Read MoreRemodeling market sentiment improves
The sentiment across the remodeling market is looking up. The National Association of Home Builders (NAHB) released their NAHB/Westlake Royal Remodeling Market Index (RMI) for the third quarter. The survey results indicate a consistent uptick in morale from Q2. The Current Conditions Index (CCI) saw a two point increase from Q2 (66) to Q3 (68). This defies the index’s steady decrease since Q4 2024. The CCI is calculated by multiple factors including the current market for large remodeling projects, moderately-sized projects and small projects. The Future Indicators Index (FII), which accounts for…
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