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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Nevada counts record number of empty homes
Newly released U.S. census data shows that Nevada has a record number of empty homes, more the double the amount in 2000.
Remodeling Market Grows for 15th Straight Month
The latest BuildFax Remodeling Index shows that improvements continue to outpace the rest of the construction market
Home prices continue downward slide
Home prices continued to drop across the U.S. in January, falling for the sixth consecutive month as several factors continue to affect the housing market.
Foreclosure activity drops in February
The number of properties receiving a foreclosure-related notice fell to a 36-month low in February, likely due to lenders stepping back during investigations into the foreclosure process. Foreclosure listing firm RealtyTrac reported that 255,101 properties received at least notice in February, down 14 percent from January.
Report: Remodeling spending will rise significantly in first half of 2011
Remodeling spending may jump as much as 9.2 percent in the first quarter of 2011, according to a report by Harvard University’s Joint Center for Housing Studies.
Los Angeles, Chicago Areas Lead in Remodeling Spending
The counties around Los Angeles and Chicago top the nation in remodeling spending, according to NAHB
Report: Number of underwater borrowers increases
More homeowners fell underwater in the fourth quarter as home prices continued to drop.
Republicans vote to cancel two mortgage programs
The House Financial Services Committee last week moved to cancel two new Obama administration mortgage programs. The Republican-led committee voted 33 to 22 for the cancellation, the Wall Street Journal reported. The voting followed party lines.
Regulators push for 20 percent down payment rule
Bank regulators are backing a rule that would require a 20 percent down payment on lower risk mortgages that would be exempt from new lending rules.
California all-cash home sales increase, account for a third of transactions
All-cash buyers accounted for 30.9 percent of home and condominium sales in California in January, with even higher percentages in some wealthy Southern California communities. The trend is likely the result of both low home prices and an increase in foreclosures on the market.