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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PMI Introduces Women of PMI Program
Plumbing Manufacturers International introduces their new program, Women of PMI. This initiative is created to support and showcase women PMI members in the plumbing manufacturing industry. This program provides members with networking opportunities, information to help develop career and leadership skills, and a platform to highlight the accomplishments they have received. Director of Programs and Administration Jodi Stuhrberg, who manages the initiative, said, “We’re excited to deliver this program to our women members, many of whom have expressed appreciation for our annual women’s breakfast and interest in a broader program.…
Read MoreModern Design Trends Influence Home Remodeling Service Industry
Understanding homeowner preferences is crucial to thriving as a contractor, as is understanding that homeowners are bound to renovate. By leaning into the homeowner, contractors can position themselves to capitalize on the remodel market. The New Jersey home remodel market, for example, is seeing a rise in homeowners desiring modernity in their homes, while still prioritizing comfortable livability. Being able to enter the remodel market and updating homes with contemporary finishes gives homeowners exactly what they want. While some trends go away, design experts predict certain trends will continue to…
Read MoreSeven Key Principles for Universal Design
Universal design is attained when a home is built, crafted or remodeled in a way that makes function accessible to for all inhabitants regardless of age or condition. As a section of the remodel market expected to expand, there are seven important ways that apply to a home exhibiting universal design. 1. Equitable Use Design that accommodates everyone from aging grandparents to children with limited mobility. 2. Flexibility in Use Accounting for a wide variety and range of usage, whether tall or short. 3. Simple and Intuitive Use…
Read MoreHistoric Remodel: Queen Anne home from 1904
The 1,800-square-foot, Queen Anne-style home and former boarding house was transformed to a charming single family home. The home lies in New Albany, Indiana’s East Spring Street Historic District and underwent a complete remodel with the aim to balance its original character and modern needs. While the layout stayed the same, the kitchen faced a multitude of problems due to aging and neglect. It was stripped to the studs and restored to a modern function. However, the home’s original milk door is still in the home, except now it is…
Read MoreRemodel of the Week: Luxurious Modern Mediterranean Style Coastal Home
A vacation retreat in Pismo Beach, California was recently remodeled to the vision of the ultimate beachside retirement home using modern Mediterranean style to naturally brighten up the previously dark and dimly-lit house. Tackling the whole house with new paints, materials and detailing transformed the home into the ultimate coastal paradise. Substituting lighter-colored cabinetry in place of the red-stained wood and changing the dark countertops to white made the most of the decision to more light enter in through the bigger windows near the kitchen. The entrance and living room…
Read MoreCountertop Market Trends: Quartz Skyrockets
Within the U.S. residential countertop market, material preferences shift often slowly and with steady margins. It is important for manufacturers, distributors and contractors to look ahead for these trends. Quartz is a clear contender for top material choice with a projected volume share growth of 5.7%, and has outpaced formerly popular choices. This is due to client preferences, aesthetic trends and the technological advancements of engineered surfaces. However with tariff disruptions and economic uncertainty looming over the future, the market could shift in favor of other materials like granite and…
Read MoreContractor insights into industry trends
Findings from the Home Improvement Research Institute (HIRI) show that contractor activity has held steady throughout Q2 despite market growth softening. Current concerns include tariff and labor impact, but the outdoor materials market and demand for energy-efficient projects saw gains higher than anticipated. With data pointing to an increase in home improvement projects under $5k and a decrease in projects over $100k, the findings suggest homeowners are prioritizing inexpensive summer projects that take advantage of sunny weather or optimize efficiency in expecting the heat wave. Read More
Read MorePower Home Remodeling Expands to Columbus, Ohio
Power Home remodeling opens their 24th nationwide office with the addition of the Columbus location. Established in 1992 in Philadelphia, Power Home remodeling grew to the nation’s largest, full-service, exterior home remodeler. It has more than 4,000 employees, over one million lifetime customers, and $1.4 billion in annual revenue. “We’re excited to be expanding not only our national footprint, but also our service to homeowners across Ohio, as Columbus marks our second location in the state,” said POWER’s Chief Operations Officer, Timothy Wenhold. “Columbus not only made sense for our…
Read MoreHow Remodelers Can Capitalize On The State of The Housing Market
Now is the perfect time for remodelers to market themselves. With the market for newly built single family homes soft, many homeowners are looking to revamp their current homes or invest in older homes. Leo Lantz of Leo Lantz Construction, Inc talked to NAHB about essentials for remodelers to succeed in this moment. Lantz advised remodelers to ensure consistent client communication, superb craftsmanship, and having a paper trail of all receipts, contracts and permits Read More
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