According to the most recent Producer Price Index (PPI), prices of building materials used in residential construction were up 3.7% in April. Soaring energy prices caused a spike in the overall April PPI reading to 6% compared to last year. Including energy, the price index for inputs to new residential construction was up 5.9% from last year, with the price of goods used in new residential construction up 6.1% from last year. Among input goods, the largest year-over-year increase was for No. 2 diesel fuel as prices were 74.4% higher than…
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NAHB analyzes renovation spending
A recent analysis from the National Association of Home Builders (NAHB) examined how remodeling spending varies across household characteristics, including household type, householder age, generational cohort and household income. In 2024, homeowners spent around $670 billion on home remodeling projects. Roughly 20 million households, representing 23% of all owner-occupied households, reported remodeling expenditures during the year. Married-couple households accounted for the majority of remodeling activity in 2024, both in the number of households reporting projects and the highest amount of spending. Around 60% of all households that reported a remodeling…
Read MoreConstruction jobs see life for two consecutive months
According to the Bureau of Labor Statistics, both the U.S. labor market and construction job market continued to show resilience for two consecutive months. Employment in the overall construction sector rose by 9,000 jobs in April. Residential construction employment now stands at 3.3 million in April, including 927,000 workers employed by builders and remodelers and nearly 2.4 million residential specialty trade contractors. A report from the National Association of Homebuilders noted that the number of open construction sector jobs increased, rising slightly from 201,000 in February to 224,000 in March.…
Read MoreNAHB data highlights remodeling growth
To kick off National Home Remodeling Month, the National Association of Home Builders (NAHB) highlighted recent data that demonstrated the remodeling sector’s growth. NAHB’s analysis of the Quarterly Census of Employment and Wages data shows that remodeling is capturing an increasing share of the residential construction market, both in the number of firms and employment. Over the past 25 years, the number of remodeling companies has nearly doubled. In 2000, there were fewer than 69,000 firms. In the first quarter of 2025, there were more than 128,000. Remodelers now represent…
Read MoreNHE grants boost residential construction visibility
The National Housing Endowment (NHE), NAHB’s philanthropic arm, created its Homebuilding Education Leadership Program (HELP) to increase the number of qualified graduates entering the homebuilding industry. Since 2009, HELP has invested more than $6.2 million in grants to 60 colleges and universities. This year, a record nine recipients were awarded funds to increase the visibility of careers in residential construction. Such recipients include Cal Poly University – San Luis Obispo, which will develop and enhance courses on safety culture in construction, integrated residential construction and trade entrepreneurship, as well as…
Read MoreInterview with Bill Owens, remodeler & NAHB Chairman
Bill Owens, a remodeler of over 40 years, shares his plans as Chairman of the Board for the National Association of HomeBuilders (NAHB), the largest homebuilder association in the U.S. Builder and Developer: Could you tell us about your journey in the home building and construction industry and how it led to this prestigious position? Bill Owens: My career in the industry actually began when I was still a student, more than 40 years ago. I started doing small remodeling projects for profit when I was in college at Miami University…
Read MoreNAHB Chairman responds to Supreme Court tariff ruling
On Feb. 20, 2026, the Supreme Court ruled that the President’s attempts to use emergency powers under the International Emergency Economic Powers Act (IEEPA) was not within his right. “IEEPA does not authorize the President to impose tariffs,” written by the supporting justices in the opinion decision. The National Association of Homebuilders (NAHB) throughout these tariff decisions advocated for the exception of building materials in these trade agreements. They cited affordability and supply chain concerns. The association estimated in 2024, an estimated 7% of all goods used in new residential…
Read MoreOhio builder and remodeler elected as 2026 NAHB Chairman
The 2026 chairman of the National Association of Home Builders (NAHB) was elected at the International Builders’ Show. Bill Owens a remodeler and home builder based in Ohio was selected for the leadership position. Owens is the founder and principal of Owens Construction, a design+build firm he founded in 1982. Throughout his 40 year career, Owens held roles in NAHB leadership structure at the local, state and national levels. Before being elected chairman, Owens served on the NAHB Leadership Council and is a member of the NAHB Board of Directors.…
Read MoreNAHB predicts remodeling growth throughout 2026
At a panel hosted by the National Association of Home Builders (NAHB) during the International Builders’ Show (IBS), industry experts discussed the NAHB/Westlake Royal Remodeling Market Index (RMI). This quarterly survey administered by the NAHB to their members reported over 50 points for 24 consecutive quarters. Their data supports that confidence in the remodeling industry is stronger than their multi-family and single-family counterparts. They predict that residential remodeling activity is expected to increase 3% in 2026 with an additional 2% in 2027. “There are many factors contributing to the continued…
Read MoreThe most popular remodeling projects in 2025
The National Association of Home Builders (NAHB) surveys professional remodelers every quarter. The answers are compiled to produce the NAHB/Westlake Royal Remodeling Market Index (RMI). This survey provides insight into the current and future confidence of remodelers. Alongside this NAHB asks a special set of questions on their current topic of interest. In Q4 they surveyed the frequency of 22 remodeling projects on a scale of 1-5. In 2025, remodelers indicated that bathrooms were the most common project. 73% of remodelers surveyed rated it common to very common (4 or…
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