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Market Conditions



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Harvard Says Remodeling Spending Downturn to Slow

Could the drop in remodeling spending from post-COVID levels regulate soon?




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Construction employment climbs in 35 states in early 2013

Jobs were added in 29 states and D.C. during the past year; however, federal cuts might reduce gains.

Jersey Shore contractor says legal challenges to FEMA flood map classifications likely

New FEMA maps that designate existing homes in flood zones are likely to spark legal action by property owners, says a New Jersey contractor.

U.S. housing stock ready for improvement

As of 2011, metro areas with the highest per owner improvement spending included the rapidly growing Sunbelt metros of Austin, Las Vegas, and Phoenix, as well as traditionally stronger markets such as Boston, New York, San Francisco, and Washington, D.C.

Existing-home sales, prices continue to rise in February

February existing-home sales and prices affirm a healthy recovery is underway in the housing sector, according to the National Association of Realtors.

Half of New Jersey’s $1.83 billion federal Sandy relief fund will go to homeowners, businesses

Of the $1.83 billion in federal recovery aid for New Jersey, half will be spent to assist homeowners and business owners whose properties were damaged during Hurricane Sandy.

Catalog ideas; don’t shoot them

Yesterday I attended a Construction and Safety Expo outside Chicago. General contractors, Sub-contractors and Safety Suppliers were dishing on their…

Remodeling recovery picking up steam

Robust spending on home improvement in the second half of 2012 suggests the remodeling recovery is already underway, and annual homeowner improvement spending should see accelerating double-digit growth through the third quarter of 2013, according to the Leading Indicator of Remodeling Activity (LIRA).

Remodelers forecast a bright 2013

“Remodelers are indicating major growth in the future, with many saying that clients are feeling more stable in their financial future and their employment situations; therefore, they are spending more freely on remodeling needs,” says Tom O’Grady, CR, CKBR, chairman of NARI’s Strategic Planning & Research Committee and president of O’Grady Builders, based in Drexel Hill, Pa.

NARI keeps holiday spirits high for Sandy victims

East coast remodelers focus on rebuilding communities this holiday season.

Annual Listing of America's Top Remodelers 2012

Bullish outlook: Biggest remodelers see more growth in 2013

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