Tag Archive for ‘remodeling’

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 ›

Wages in Home Building and Remodeling

Wages for most jobs in home building and remodeling typically exceed the median wage in the U.S., according to data from the Bureau of Labor Statistics Occupational Employment Statistics (OES) Survey. In a previous analysis, we examined the kinds of jobs that exist in the residential construction sector. Using the same 2012 BLS data, it is possible to track wages… Read More ›

Jobs in Home Building and Remodeling

Home building is an industry dominated by small businesses around the nation. Data from the Bureau of Labor Statistics (BLS) reveal the many job categories within the industry and their relative concentrations. Previous NAHB research has examined the geographic scope of the building industry, as well industry surveys that present a census of builders and associated businesses. BLS data from… Read More ›

Most Remodeling Business Still Comes from Customer Referrals & Returns

Although relatively new ways of generating business—such as company web sites and online review services—tend to get a lot of attention, the best source of leads for remodelers are still the traditional ones, according to NAHB’s Remodeling Market Index (RMI)  survey. In answer to special questions on the third quarter 2013 RMI survey, NAHB’s professional remodelers on average attributed 37… Read More ›

Remodeling Market Index Up

The NAHB Remodeling Market Index (RMI) continued to climb, although at a modest pace, in the third quarter of 2013. Rising two points to 57, this marks the highest reading of the RMI since the first quarter of 2004. An RMI above 50 indicates that more remodelers report market activity is higher (compared to the prior quarter) than report it is… Read More ›

What Do Home Buyers Buy after Moving

In a post last week we discussed NAHB research showing how during the first two years after closing on a home sale, home buyers tend to spend money on furnishings, appliances and remodeling considerably more compared to non-moving owners. Buyers of new homes spend most, outspending non-movers by a factor of 2.8. Buyers of existing homes spend twice as much… Read More ›

Construction Spending: Improving at a Slower Rate

Total private residential construction spending increased marginally to a seasonally adjusted annual rate of $334.6 billion in July 2013 according to Census estimates. Spending continues to improves, but remains well below the peak pace of $676.4 billion in March 2006. The current reading is 17.2% higher than a year ago. Single-family spending registered a slight increase of 0.5% for the month, while the home improvement category… Read More ›