Across the nation, more homeowners are embracing the “Forever Renovation,” a continuous cycle of upgrading, adapting, improving and reimagining their homes over time. Real estate expert Philip A. Raices discussed several trends that are driving this transformation in the renovation industry. The biggest reason for the driving change is economic; millions of homeowners have locked in mortgage rates between 2% and 4%. For many families, moving would mean substantially higher monthly payments and higher insurance costs. As a result, homeowners are increasingly choosing to improve their forever home rather than…
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U.S. home builder sentiment increases in May
Home builder sentiment increased in May across the U.S. This month, the National Association of Home Builders/Wells Fargo Housing Market Index rose to 37, up from 34 in April. About 32% of builders cut prices in May as a sale incentive to potential homebuyers. The price cut was down from 36% in April, with an average price reduction of 6%, versus 5% in April. The use of sales incentives was 61% in May, up from 60% in April, the 14th straight month at 60% or higher. The survey’s measure of current…
Read MoreNAHB 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 MoreMass timber industry offers jobs and sustainability
Cornell’s Climate Jobs Institute (CJI) produced a primer, “Mass Timber: Advancing Sustainable Construction and High-Quality Job Creation,” and presented it at an event held at the Hyatt Place Albany-Downtown in New York on May 11, 2026. The primer focused on the industry’s ability to produce job growth and provide sustainability in construction. The global mass timber market is projected to grow to over $1.3 billion by 2030, with the U.S. poised to become the world’s fastest-growing mass timber market over the coming decade. “Mass timber is more than an alternative,…
Read MoreNew law speeds up home renovations and repairs in Florida
A new bill signed into law aims to slash local red tape and lower costs for Florida homeowners, in an effort to expedite home renovations and storm repairs. House Bill 803 will introduce sweeping changes to Florida building permit laws, as well as how building permits and inspections are managed across municipalities within the state. The legislation was signed by Governor Ron DeSantis this week after passing both the House and Senate. For residents of Key Biscayne and coastal communities where home renovations and storm repairs are a constant way…
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 MoreConstruction workforce shifts
According to the National Association of Homebuilders’ (NAHB) analysis of the latest 2024 data from the American Community Survey (ACS), the long-running shift in the construction labor force away from construction trades and toward management, business and technical roles is ongoing and gaining momentum. While the total industry employment now exceeds the levels reached during the 2005 to 2006 housing boom, the composition of that workforce has changed markedly. The share of construction trades workers has declined from 71% in 2005 to 59% in 2024. At the same time, the…
Read MoreNew York City home renovation sparks record-breaking sale
Interior designer Purvi Padia and founder of REVELRY set out to remodel her five-bedroom, 5,840-square-foot duplex penthouse in the exclusive West Village in New York City to make it feel more welcoming. What followed was a two-year, $6 million transformation that led to a $60 million sale, which came in at nearly three times the neighborhood average price per square foot for luxury condos and represented a 106% increase on the $29 million the owner paid for the apartment in 2016. The star attraction of the remodel that led to…
Read MoreMillennials and Gen Z are diving into renovations in 2026
According to Houzz’s 2026 House & Home Study, more than half of U.S. homeowners are pursuing home renovation plans, with a higher share of millennials and Gen Z diving into renovations. The annual report surveyed more than 20,000 users across the nation to figure out how homeowners are budgeting for their projects, their reasons for renovating, the scope and spend of projects. Marine Sargsyan, the head of economic research at Houzz, said home renovation is continuing at historic levels. The report emphasized older clients prioritizing renovations to age in place,…
Read MoreNick Slevin Returns to NBC’s The Water Zone to Spotlight Water Innovation Through the ABC Green Home Project
Since its launch in 2011, the ABC Green Home Project, created by Builder Media, has spent fifteen years demonstrating how innovation, sustainability and industry collaboration can advance the future of residential construction. Over that time the project has earned multiple industry awards, certifications and national recognition while showcasing the technologies shaping the next generation of high-performance homes. On April 3, 2026, Builder Media Publisher Nick Slevin will return as a guest on the nationally broadcast NBC News Radio program The Water Zone, hosted by water industry leader Rob Starr, to discuss…
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