Industry Data & Research
Industry Data & Research
Industry data and research for professional home builders and remodelers.
Harvard Says Remodeling Spending Downturn to Slow
Could the drop in remodeling spending from post-COVID levels regulate soon?
Industry Data & Research
The Latest Data on Construction's Workforce
To close the housing deficit in the United States, the industry needs more skilled workers. Here's where construction's workforce stands
News
The Remodeling Market Could Turn in Q4, Says Harvard
Repair and remodeling spending could see an uptick at the end of the year
NAHB
Building Materials Show Stability in 2023
Although supply chain bottlenecks have eased in recent months, shortages of some key materials persist.
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Housing starts drop but building permits on the rise
Housing starts declined in the last month of 2010, reaching their slowest pace since October 2009, new Commerce Department data show. On a positive note, building permit issuance rose 16.7 percent in December 2010, which might indicate that builders are upbeat about the upcoming spring selling season.
NAHB: Home builder confidence remains low
The National Association of Home Builders’ Housing Market Index remained steady this month at 16 for the third month in a row, indicating that home builders’ confidence is still low. Perceptions on current single-family home sales and sales expectations for the next six months remained the same as last month. Perceptions of prospective buyer traffic gained one point.
Survey: Affordability and increased living space top reasons to buy in 2010
A survey of homeowners who purchased a home last year found that their primary motivations were affordability and the desire for more living space. The survey by Weichert Realtors Inc. polled 1,261 buyers who bought a home between July 1 and Dec. 31. Twenty-eight percent said their main reason for purchasing a home was “favorable financing,” double the amount in 2008.
Single-family home sizes continue to shrink
The average size of single-family homes completed last year fell 3 percent, the National Association of Home Builders announced last week at the International Builders’ Show. The average size of homes completed in 2010 was 2,377 sf, down from a peak of 2,521 sf in 2007.
Homeowners ready to invest in remodeling, survey says
Many homeowners who put off remodeling and repairs last year due to the economy are now ready to make the investment, a new survey reported.
Big money home sales take the biggest price cuts
The troubled real estate market affects homes both large and small—but when mansions need a sale price reduction, the discount can jump into the millions. Zillow.com, a real-estate listing and data website, found that some of the biggest sales in 2010 also had the biggest price cuts, the Wall Street Journal reported.
Remodel design most important to homeowners, survey finds
A recent survey found that outcome and design were the most important factors in determining project satisfaction for a home remodel. The National Association of the Remodeling Industry (NARI) poll found that 49 percent of homeowners said outcome and design were the most important. Twenty-two percent said having their needs met was most important for their satisfaction, while 20 percent said accessibility and timeliness of the remodeler took precedence. Only four percent said finishing on time was the top consideration for satisfaction. Six percent safety and cleanliness were most important.
Census Bureau: U.S. construction spending on the rise
Construction spending rose slightly in November, increasing to a seasonally adjusted rate of $810.2 billion, according to Census Bureau data. The rate is 0.4 percent higher than the revised October rate of $806.7 billion. Construction spending for the first 11 months of 2010 totaled $753.9 billion, 10.6 percent less than the same period in 2009.
NAR report: Pending home sales continue to increase
The National Association of Realtor’s (NAR) Pending Home Sales Index continued to increase in November, rising 3.5 percent since October.
S&P/Case-Shiller report: Home prices continue to decline
U.S. home prices declined in October as the growth rate continues to decelerate, according to the S&P/Case-Shiller Home Price Indices report released today. Each of the 20 metropolitan areas measured showed declines between September and October. Only the 10-city composite and four metropolitan areas showed increases over October 2009.