Market Conditions
Market Conditions
Market Conditions
Study Finds Remodelers’ Net Profits Declined
How far did net profits decline and what's influencing the drop?
Market Conditions
Builders Focus on Remodeling as New Construction Declines
Some builders hope to benefit from remodeling's strength, giving a slight boost to new construction confidence
Market Conditions
The Home Depot Bets on Pros Amid Predictions of Flat Sales Growth
For the first time since 2019, The Home Depot’s revenue fell short of Wall Street’s predictions amid a general softening in the home improvement market
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Remodeling Forecast: Modest Recovery for 2010
Economists predict we've hit the bottom for remodeling and should see a market recovery in 2010
Materials Costs Skyrocket
There's no relief in sight for remodeling firms that have been hit hard by the increased cost of building materials, says economist Ken Simonson. Simonson, chief economist for the Associated General Contractors of America, said that some of the increases may level off as the housing market cools due to the highest mortgage interest rates in more than four years.
The Road to Referrals
Superior customer service is the number one way remodelers can (and should) differentiate themselves from inferior competition. In the ongoing battle for customers' trust and — ultimately — referrals, remodelers must distinguish themselves in everything from quality of materials and workmanship to the professionalism of sales personnel and work crews.
Built to Last
Brick: It exudes warmth, character, staying power. Brick often commands a higher resale value and naturally provides thermal mass, which offers some insulation. Under normal weather conditions, it could see a century or more of use, according to Brick Industry Association estimates. But for all its durability, brick is vulnerable to external factors that can decrease the lifespan of a brick hom...