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Third-Quarter Remodeling Market Index Posts Solid Gain
WASHINGTON, DC — Demand for remodeling remains strong, and remodelers “are doing quite well as long as they can adequately deal with material and labor shortages,” according to the latest Remodeling Market Index (RMI) compiled by the National Association of Home Builders. The Washington, DC-based NAHB this week released its NAHB/Royal Building Products Remodeling Market Index (RMI) […]
‘Strong Growth’ Foreseen for Remodeling Through 2022
CAMBRIDGE, MA “Strong growth” in home improvement and maintenance expenditures is expected to continue over the coming year, according to the Leading Indicator of Remodeling Activity (LIRA), released last month by the Remodeling Futures Program at the Joint Center for Housing Studies of Harvard University. The LIRA projects year-over-year gains in annual improvement and repair […]
Home Sizes, Suburban Shift Seen Increasing as COVID Offshoot
WASHINGTON, DC — Single-family home sizes are reportedly rising as an offshoot of the COVID-19 pandemic, reversing a recent trend toward downsizing, as homeowners are seeking additional residential space for a wider range of purposes, particularly teleworking and school-related activities. At the same time, trade association officials are reporting a continued shift in new residential […]