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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Progress in 1099 battle, but no final action yet
The much-maligned 1099 reporting requirement set to take effect in 2012 is still on the books
Modified loan default rate drops
Although borrowers who modify their loans are likely to default again within a year, the redefault rate is falling, the Wall Street Journal reported.
NAHB girds for a busy spring on Capitol Hill
Professional Remodeler magazine sat down with NAHB's chief lobbyist Joe Stanton and his top regulatory aide Elizabeth Odina to discuss new legislative threats to an already embattled housing and remodeling industry and the forces his team is marshalling to keep the interests of remodelers front-and-center on Capitol Hill.
Six tax code changes to keep your eye on
The tax code changes every year as new laws are passed and new restrictions take effect. The rules on small businesses are especially volatile. Here are six changes and potential changes you need to know about for this year and beyond.
Banks cautiously return to home equity lending
Home equity loans and lines of credit are on the rise as banks begin to cautiously re-enter the market. While not yet a nationwide trend, some regional banks are reporting significant increases in both home equity loans and line of credit originations. These banks are offering loans for significant amounts — Associated Bank in the Midwest said that its average home equity loan is $75,000, while the average credit line is $100,000.
Kitchen and bath dealers expect sales increase
An index measuring the confidence of 150 kitchen and bath dealers shows that they believe sales will increase in the next quarter. Seventy percent of the surveyed dealers said they expected showroom sales to increase due to kitchen and bath remodels. The prediction is line with recent home sale trends.
Freddie Mac: 46 Percent of Mortgage Refis 'Cash-in'
Cash-in rate for mortgages at record high, Freddie Mac says
Census Bureau: Homeownership rate drops
Both the homeownership rate and homeowner property vacancy rate fell in the last quarter of 2010, the U.S. Census Bureau announced in its latest Housing Vacancies and Homeownership report. The homeownership rate for the last quarter was 66.5 percent, lower than both the previous quarter and the final quarter of 2009.
NAHB Index Shows Improvement in Remodeling Market
Remodelers are more optimistic about 2011 as remodeling market gets stronger
New single-family homes sales rise 17 percent
New single-family homes sales were at a seasonally adjusted rate of 329,000 in December, based on estimates released by the U.S. Census Bureau and the Department of Housing and Urban Development. The rate rose 17.5 percent between November and December, but was 7.6 percent below the December 2009 rate.