This year’s Reston Home Tour offers a look inside two beautifully remodeled homes, each reflecting unique designs tailored to their owners’s lifestyles. The first home features a complete main-level renovation designed for entertaining, while the second home blends modern design with natural elements. Read more
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Newsletters from/for Bytes Newsletters
NAHB reports remodeling market sentiment dips in Q3
The National Association of Home Builders (NAHB) released its third quarter Westlake Royal Remodeling Market Index, showing that the quarter is down two points on average from 65 to 63. Both large- ($50,000+) and moderate-sized ($20,000 – $50,000) projects fell down three points, more than the two points small projects (under $20,000) lost. Despite the decline, most remodelers remain optimistic since an index of about 50 would still indicate a healthy market condition. Read more
Read MoreHome renovation trends to watch
With the home renovations market growing, many homeowners find that their budgets run over $5,000 after the dust has settled. Despite this, homeowners are still shelling out for popular updates, such as spa-like touches in the bathroom, bold accent walls, and energy-efficient upgrades like HVAC systems. Read more
Read MoreAuburn Gresham Victorian Is 2000th Home Remodeled Through Cook County Land Bank
Developer Tytus Henry remodeled the four-bed, four-bath Victorian home “from the ground up,” with help from local youth who hope to work in the trades. Local officials and leaders at the Cook County Land Bank Authority joined Henry Thursday to celebrate the completion of the single-family home at 8514 S. Peoria Ave. The four-bedroom, four-bath Victorian home is the 2,000th Cook County Land Bank Authority property to be redeveloped in the organization’s 10-year history. The Cook County Land Bank Authority bought the vacant property in 2019. The 4,500-square-foot home was…
Read More2 in 3 Homeowners Have Gone Into Debt for Renovations
Nearly 2 in 3 homeowners (63%) have gone into debt to fund a renovation, according to new research from Clever Real Estate, a St. Louis-based real estate company. PR Newswire says with 94% of homeowners having completed a major renovation in the past five years, about 3 in 4 (78%) went over budget on their last project. Nearly half (44%) exceeded their budget by at least $5,000, while 35% exceeded it by at least $10,000. With three months remaining in 2024, 45% of homeowners have already spent $5,000 or more…
Read MoreRemodeling Spending to Tick Up Through Mid-Year 2025
Homeowner spending on improvements and repairs is projected to stabilize and gradually increase through mid-2025, with a slight annual decline of -0.5% expected by the second quarter, according to Harvard’s Joint Center for Housing Studies. Despite economic uncertainty and slower home sales, the home remodeling slowdown is predicted to remain mild, with annual expenditures reaching $466 billion, similar to the previous year’s levels. According to Harvard University, a modest downturn, homeowner expenditures for improvements and repairs are expected to trend up through the first half of 2025, according to the…
Read MoreIncreasing Hardwood Yield For a More Profitable Future
In the ever-evolving hardwood industry, professionals face a unique set of challenges that can impact profitability. While advances in technology have transformed lumber processing, prices for many species remain low due to competition from substitute materials and rising log costs driven by increased exports. The NHLA is stepping up to help industry stakeholders navigate these hurdles by leveraging the extensive experience of its team. By focusing on increasing yield rather than just cutting manufacturing costs, businesses can significantly enhance their bottom line, as operating costs for logs can account for…
Read MoreBathroom Trends To Enhance Resident Wellness
The latest 2024 U.S. Bathroom Trends Report from Houzz reveals that wellness continues to be a significant focus in residential bathroom design, with trends aimed at enhancing comfort and future-proofing homes. Notably, nearly half of homeowners are incorporating aging-in-place features, such as curbless showers, grab bars, and built-in benches, into their remodels. Designers across the country, like Nishia Shubert and Andrew Mikhael, emphasize the importance of planning for future needs, ensuring that renovations not only meet current requirements but also anticipate the demands of aging homeowners. This proactive approach allows…
Read MoreSea Pointe Design & Remodel Wins 1st Place in Best of OC Annual Awards
Sea Pointe Design & Remodel has proudly secured 1st Place in the Kitchen and Bath Specialist category at the prestigious Best of OC annual awards, a recognition that underscores the company’s commitment to excellence and innovation in home design and remodeling. Located in Irvine, the firm has experienced significant growth, expanding its team from 38 to nearly 70 employees in just a few years. This expansion reflects a growing trend among Orange County homeowners, who are increasingly opting for comprehensive remodels as housing opportunities become more limited. President Lauren Mills…
Read MoreRemodeled Greenville Home Wins Three Bridge Awards
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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