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…
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For the past 20 years, Builder Media has served residential contractors, homebuilders, architects, designers, remodelers and other industry professionals as a national B2B publication. We are currently expanding our social media presence, posting the latest industry news and featured content from our magazines on Instagram, LinkedIn, X and Facebook. Now, we ask you to show your support by following us on social media to stay up-to-date on the latest residential construction news and stories. As always, we thank our readers for their continued support and thank those who subscribe to our…
Read MoreResidential Contractor digital issue coming summer 2026
First launched in the summer of 2006, Residential Contractor has grown to include design + build, remodeling and trade professionals across the U.S. A trusted source of news and content on craftsmanship in new builds, remodels, building material prices, estimating and need-to-know information for busy professionals. Supported by our weekly newsletter, Remodeler.News and residentialcontractormag.com, these platforms combined boast an audience of 160,000 industry professionals. ABC Green Home 5.0 TerraVerde, our next hybrid net-zero demonstration home celebrates an award-winning legacy and high-performance construction while demonstrating how cutting-edge design and building…
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 MoreResidential leads U.S. construction spending
According to an analysis by the Associated General Contractors of America, U.S. construction spending increased 0.6% from February to March, with gains in residential construction and data center-related projects. Residential construction spending rose 3.6% compared with a year earlier, including a 2.7% monthly increase in single-family construction. Total construction spending reached a seasonally adjusted annual rate of $2.186 trillion in March, up 1.6% from March 2025. Private construction spending increased 0.8% for the month and 1.0% year over year, while multifamily construction increased 0.5% year over year. Association officials noted,…
Read MoreRemodel of the week: Modern lakehouse
First constructed in 1991, this lakehouse renovation from Simonini Homes delivered by inviting indoor outdoor living and increasing connectivity. The renovation required intuitive design to create an open floor plan, allowing for ease of movement for entertainment across the kitchen and living areas. Simonini Homes began in 1973, boasting over 50 years of building experience. The renovations division founded in 2001, with a goal of treating renovations with the same quality and care as new builds. In 2006, Simonini was named National Builder of the Year by the National Association…
Read More2026 Remodeling Insights
A new home study, conducted between January and March 2026, offers insights from more than 20,000 U.S. respondents into home renovation trends for construction and design professionals, as well as homeowners looking to begin a renovation project. The study found that, despite economic uncertainty, home renovation budget costs continue to remain steady and are actually rising in certain parts of the U.S. “Home renovation continues at historic levels, even as homeowners take a more cautious approach to future projects,” says Marine Sargsyan, head of economic research at Houzz. Among all…
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…
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