Global remodeling market on the rise

The global remodeling market is on track for substantial growth, expected to rise from $973.37 billion in 2025 to $1.02 trillion in 2026, driven by a 5% compound annual growth rate (CAGR). Factors contributing to this growth include increased residential renovation spending, early adoption of smart home upgrades, as well as heightened demand for aesthetic improvements and professional services.  By 2030, the market is projected to reach $1.24 trillion, thanks to a greater emphasis on sustainable retrofits, energy-efficient materials and expanding commercial renovation ventures. Trends anticipated in the future include…

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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%…

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How inflation affects remodels

Inflation is driving up costs in daily items, this includes material for remodels. While overall wholesale and consumer inflation has steadied, building materials face The price of metals used in elevated finishes is not immune. Copper prices continue to rise, this affects copper roofs, custom finishes and wiring. This tracks to other materials,  “Custom bronze stair railings and balcony trims, for example, are up 15% to 20% since last year,” said Kyle Peacock of Peacock Tariff Consulting. “Brass fixtures, from faucets and lighting to cabinet hardware, have risen 12% to…

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Safe and Smart Entry-Level Driver Training (ELDT) Certification Program

The National Lumber and Building Material Dealers Association (NLBMDA) is offering an exclusive discount on a special program. The Safe & Smart Entry-Level Driver Training (ELDT) Certification Program by J.J. Keller & Associates is specially available to NLBMDA members. The ELDT Certification Program allows trainers the flexibility and knowledge to optimize driver training to prevent accidents and reduce liability. The Certification Program includes preparation for online courses, classroom instruction, range and road experience to be provided to trainees. Evaluation at the end of the program gives advice to trainers on…

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Homeowners may look to HELOC

While many people are expecting Federal Reserve cuts, home equity lines of credit (HELOC) are expected to follow the reserve more closely and increase renovations and improvements. Home Depot and Lowe’s analysts estimate there is roughly $50 billion in pent-up demand for home improvement work. These are projects that homeowners have put aside while borrowing costs stayed high across loans and materials. Lower HELOC rates could provide homeowners with the funds to funnel directly into their new kitchens, bathrooms or addictions. This comes at a time where the new housing market is…

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How Remodelers Can Utilize Digital Marketing

Traditional marketing for remodelers is not as effective as it was pre-internet and social media, utilizing digital marketing is the key to reaching clients. Remodelers with a steady client base may think their marketing is efficient, however tapping into digital marketing can increase their visibility and profits. There are many ways to improve your digital marketing like having an updated and easy to navigate website, advertising through social media and email marketing.The use of targeting ads can also define and reach different groups within your audience like a whole custom…

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KB Home Announces the Grand Opening of Two New Communities in the Desirable Southtown Master Plan in Vacaville, California

KB Home Announces the Grand Opening of Two New Communities in the Desirable Southtown Master Plan in Vacaville, California KB Home announced the grand opening of Sagebrush and Sweetbay at Magnolia Park, two new communities in the desirable Southtown master plan in Vacaville, California. The new homes… Read More Joplin Globe https://www.joplinglobe.com/region/national_business/kb-home-announces-the-grand-opening-of-two-new-communities-in-the-desirable-southtown-master/article_a4343283-2589-5e5f-b192-630402bfd9c9.html

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