Tag Archive for ‘remodeling’

Single-Family, Multifamily, Home Improvement Spending All Up

Total private residential construction spending increased to a seasonally adjusted annual rate of $328.6 billion in May 2013, the fastest pace of residential construction since October 2008. The reading is 1.2 percent above the positively revised April estimate and 22 percent higher since a year ago. All three components of residential construction spending registered gains. New multifamily construction spending showed… Read More ›

Do It Yourself or Hire a Professional?

To celebrate National Home Remodeling Month in May, the National Association of Home Builders (NAHB) Remodelers recommends that home owners consider the safety risks, time delays and hidden costs before attempting do-it-yourself (DIY) home improvements. According to the 2011 American Housing Survey (AHS) from the HUD/Census Bureau, home owner do-it-yourself (DIY) projects accounted for 37 percent of all home remodeling projects… Read More ›

Weak Remodeling Activity Weighs on Residential Construction Spending

Total private residential construction spending increased 0.4% on a month-to-month basis during March 2013. After data revisions, first quarter nominal spending levels came in 2.3% lower than the final three months of 2012. With that said, private construction spending has bounced back by 33% since its cyclical low from nearly two years ago and has advanced more than 18% compared… Read More ›

Remodelers’ Confidence Dips in the First Quarter

Conditions in the remodeling market dipped in the first quarter, according to NAHB’s survey of professional remodelers, as the overall Remodeling Market Index (RMI) derived from the survey fell six points to 49.   Prior to that, the RMI had been generally trending upward, albeit with significant quarter-to-quarter fluctuations.  So, although the first quarter 2013 RMI indicates a pause in the… Read More ›

Residential Construction Spending Bounces Back in February

After three consecutive months of slight declines, private residential construction spending increased 2.2% on a month-to-month basis in February. Despite the sluggish readings from the prior 3 months, nominal spending on residential construction activity remained more than 20% above its year-ago level and roughly 36% higher than the cyclical low in mid-2011. The new single-family home category continued to show… Read More ›

Builders Who Offer Downloadable Brochures, Advertise Benefits of New Homes Get More Business from Their Web Sites

Results from surveys on the use of information technology by builders and remodelers were discussed in a recent blog.  The same surveys also gathered some information about company web sites.  Results show that over 85 percent of both single-family builders and remodelers have web sites, and nearly all the sites contain company history, contact information and pictures of jobs. In addition,… Read More ›

How Much Does The Average Remodeler Earn in a Year?

The  Remodelers’ Cost of Doing Business Study, recently released by NAHB, is based on a nationwide survey of residential remodelers.  The survey, conducted in 2012, asked remodelers to provide their income statements and balance sheets for fiscal year 2011.  The study helps remodelers compare their financial performance against benchmarks for the industry as a whole as well as assess the… Read More ›