Tag Archive for ‘remodeling’

Remodeling by Zip Code: NAHB Releases 2014 Projections

NAHB just released new estimates of spending on improvements to owner-occupied housing by zip code.  The estimates are based on a model relating improvement spending to five key variables (number of homes in the area, the share built in the ’60s, share built in the ’70s, owners’ average income and level of education), projected to calendar year 2014.  As before,… Read More ›

Efficient Windows Top List of Green Products Used by Remodelers

Energy efficient windows emerged as the leading green product among remodelers responding to NAHB’s Remodeling Market Index (RMI) survey for the first quarter of 2014, as nearly 9 out of 10 remodelers surveyed said they’d commonly used low-e windows during the past year.  Next on the list were high efficiency HVAC systems and programmable thermostats at 70 percent each, closely… Read More ›

Remodelers’ Customers Like Quality, Professional Designations

A previous post discussed hiring a professional remodeler, with an emphasis on those remodeling projects (like roofing or HVAC work) that most often involve homeowners hiring a contractor as opposed to attempting it themselves. This one deals with the choice of a particular contractor. The evidence comes from a question on NAHB’s most recent Consumer Preference Survey that asked potenital customers… Read More ›

Benefits of Hiring a Professional Remodeler

It is National Home Remodeling month and NAHB wants to emphasize the benefits of hiring a professional remodeler.  There are two aspects to this: 1) hiring a contractor rather than attempting a project yourself, 2) hiring a contractor who is a well-qualified professional remodeler, such as members of NAHB Remodelers or those who have earned one of NAHB’s Professional Designations…. Read More ›

$100,000 in Remodeling=Nine Tenths of a Full-Time Job

In addition to benefitting those who live in remodeled homes, remodeling also has the ability to stimulate the U.S. economy. The latest estimates released by NAHB show that spending $100,000 on remodeling generates about $48,000 in wages and salaries in the U.S., which translates to .89 of a job measured in full-time equivalents (enough work to keep one worker employed for a year). Much… Read More ›

Energy Tax Credits: Large Impacts After 2010 Rule Changes

In 2005, Congress established a number of energy-efficiency tax incentives related to housing. These policies include the tax code section 45L credit for the construction of energy-efficient homes, the 25C credit for retrofitting existing homes, and the 25D credit for the installation of power production property in new and existing homes. Using earlier IRS data for tax year 2009, we… Read More ›