After a mild pullback over the previous year, spending for improvements and repairs on owner-occupied homes is set to expand once again by the middle of next year, according to our latest Leading Indicator of Remodeling Activity (LIRA). The LIRA projects that annual expenditures for home renovation and maintenance will grow by 1.2 percent through the third quarter of 2025. Read More
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Home Remodeling Statistics and Trends of 2024
Eco-home remodeling effectively achieves a range of global goals, like addressing climate change, creating sustainable and thriving communities, and driving economic growth. Sure, these sound grandiose, but homeowners also have immediate advantages, such as reduced energy bills, tax deductions, and saving the planet, according to Zenith. Read more
Read MoreNKBA’s VFTI Conference at KBIS 2025 offers a powerful array of CEU-qualified learning sessions.
Subject Matter Experts will conduct more than 70 sessions for the upcoming edition, Feb. 25 to 27 at the Las Vegas Convention Center. Seminars and workshops are organized into six tracks: Building & Remodeling, Design, Hot Topics, K&B Trends, Leadership & Management, and Marketing. KBIS attendees may purchase a package including the Expo pass plus a conference pass for all on-site VFTI presentations and unlimited access to on-demand sessions throughout 2025. All sessions are CEU-qualified. Read More
Read MoreDisaster Survivors Face These Roadblocks to Rebuild Safer, More Sustainable Homes
Pricey sustainable rebuilds, insurance hesitancy, and a thinly stretched Federal Emergency budget are just some of the roadblocks survivors face when rebuilding their homes after a disaster. Read more
Read MoreU.S. Home Improvement Analysis Report 2024: A $615.58 Billion Market by 2029, Fueled by Rising Demand for Personalization and Customization, & Smart Home Technology Integration
The U.S. Home Improvement Market is projected to reach $615 billion by 2029, rising at a CAGR of 2.78%. Dominating the market is the South region, with its rapid population growth, numerous single-family home builds, and warm climate. Homeowners in this region are more likely to invest in a variety of outdoor features, including pools, gardens, and patios, as well as energy-efficient home systems that create ease and improve security. Read more
Read MoreNavigating Regulations and Permits: Top Five Tips for Remodelers
NARI reports that remodelers who want to streamline their processes and create better experiences for homeowners should follow these five tips: understand local requirements; obtain necessary permits; acquire licensing and insurance; consider lead safety regulations; and stay informed about regulations. Read more
Read MoreU.S. Cities Investing the Most in Home Improvements
Home improvement spending, which surged during the COVID-19 pandemic, has recently slowed after peaking in 2022. As reported by Construction Coverage, the Harvard Joint Center for Housing Studies forecasts that the dip is temporary, and is expected to pick up mid-2025. Home improvement spending varies across regions, with Utah and Idaho topping the list of states where homeowners took out the most loans in 2023. Read More
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