Market Conditions
Market Conditions
Harvard Says Remodeling Spending Downturn to Slow
Could the drop in remodeling spending from post-COVID levels regulate soon?
Thought Leadership
How to Increase Your Odds of Closing Remodeling Sales
Use these tips to hone your sales process and grow close ratio
News
The Remodeling Market Could Turn in Q4, Says Harvard
Repair and remodeling spending could see an uptick at the end of the year
Business
Preparing for an Uncertain 2024
Here's how remodelers can prepare for unpredictable market
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June remodeling activity at record level
The remodeling market continues to grow despite the ongoing challenges of the economy, according to the latest BuildFax Remodeling Index. June's mark of 129.5 is the highest since BuildFax started tracking remodeling activity in 2004 and 23 percent higher than the June 2010 number.
Freddie Mac reports lower mortgage delinquency rate
Sales of foreclosed homes continue to make up a significant portion of sales of Freddie Mac-backed mortgages, but fewer homes are entering foreclosure
New Online Course Helps Construction Professionals Leverage Tax Incentives
Propane Education & Research Council offers tips for remodelers and builders to navigate tax incentives
Exclusive Research: Kitchens, bathrooms top projects as homeowners look for value
Annual Project Trends study shows smaller projects, but growth for some remodelers
BuildFax Remodeling Index Shows Gains for February
National index shows homeowners continue to spend on remodeling
For-sale inventory increases in some metropolitan areas
The inventory of homes for sale rose slightly in March in many metropolitan areas across the nation. According to data compiled by ZipRealty, the listing inventory rose 1.1 percent in 23 metropolitan areas between February and March, after decreasing in both January and February.
Majority of Americans oppose elimination of mortgage deduction
A new Gallup poll shows that about 60 percent of Americans want to keep the mortgage interest deduction as part of the federal tax code. The poll asked respondents if they would favor eliminating certain tax deductions in order to lower the overall income tax rate or to reduce the federal budget deficit.
Banks ordered to repair foreclosure processes
Bank of America, Wells Fargo, and JP Morgan Chase were among 14 financial institutions to receive penalties last week from the federal government for improper foreclosures. The banks were also ordered to revise their foreclosure procedures. Actions include having enough staff to handle the volume of foreclosures and establishing a single point of contact for borrowers.
Study: 81 percent still think home is best investment
Despite the housing bubble and subsequent crash, more than 80 percent of Americans still think buying a home is the best long-term investment a person can make. That's according to a recent Pew Research Center study, which found that 37 percent strongly agreed with that idea and 44 percent somewhat agreed with it.
Construction employment sees slight improvement
Construction employment saw an uptick in February, as 141 out of 337 metropolitan areas had increases in construction jobs compared to one year earlier, according to an analysis of federal employment data by the Associated General Contractors of America. Dallas-Plano-Irving, Texas, had the largest increase in jobs, adding 7,500 (8 percent).