The impact a Category 3 or 4 hurricane can have on your most valuable asset – your home – can be disastrous, and incredibly overwhelming. Depending on the storm and its staggering effects, homeowners might face a number of devastating problems: from feet of standing water in the living room, to trees and debris spread…
Read MoreWhy Low Housing Inventory Leads to High Home Improvement Spending
Home shoppers around the country are frustrated. There aren’t enough homes for sale that meet their needs, and those that are available are often the subject of high price bidding wars. It’s no wonder that so many homeowners – Baby Boomers in particular — are finding it more sensible to stay in their current home…
Read MoreThe Five Most Popular – And Most Expensive – Home Improvement Projects
Homeowners across the nation are not only spending more money on remodeling – they’re tackling much larger, more aesthetic and more expensive home improvement projects than five or six years ago. Instead of just replacing a faucet and handle, they’re upgrading the whole sink (…and what good is an updated sink if it’s next to…
Read MoreWhy the Home Improvement Industry is Worth Billions
The home improvement industry is big – and it’s only getting bigger. A doubling of the average homeowner’s equity in the past five years has stimulated steady growth, allowing home improvement spending to grow nearly twice as fast as the rest of retail. But how did it get to this point? And what’s in store…
Read More3 Smart Cooking Gadgets to Make Your Next Cookout a Success
June 27, 2017 Grilling is the hassle-free way to entertain. Minimal prep work, no messy pans to clean, plus you can keep the fire going throughout the day, as guests come and go. But planning a blowout barbecue can turn into a real pressure cooker, with all those mouths to feed. That’s especially true if…
Read MoreHome Builder Confidence and Lot Supplies
New Lot Development is Not Keeping Up With Demand Builder confidence indicators show that home builders are extremely confident. That said, the pace of new construction fell in April (-2.6% versus March, and essentially flat versus a year ago). We see the overall pace of new home construction as still rising at a modest pace; I…
Read MoreBuilder Confidence Back to 2005 (Peak!) Levels
Home builders are feeling more confident than they have any time since the (2005) peak of the housing market. Builder confidence in the market for newly-built single-family homes jumped six points to a level of 71 on the National Association of Home Builders/Wells Fargo Housing Market Index (HMI). This is the highest reading since June…
Read MoreTop 5 Best & Worst Cities for Homeowner Happiness
Published February 2017 Happiness is important to everyone, so HomeAdvisor decided to see just how much a person’s happiness is influenced by where they live. The first-ever survey of its kind, the poll is a comprehensive look at the things that make people happiest about their homes and their communities. After looking at the results,…
Read MoreQuoteables from KBIS
February 1, 2017 Credit: KBIS Record attendance at the Kitchen and Bath Industry Show (KBIS) in January illustrates the growth in this sector of the home improvement industry. I heard a lot of insightful discussions about the industry at KBIS, which inspired me to jot down some valuable nuggets and merge them with my own…
Read MoreLeading Indicator Points to 6.7% Growth in 2017
(Photo from Joint Center of Housing Studies) One of the indicators I like to watch is the Leading Indicator of Remodeling Activity (LIRA), put out by the Harvard Joint Center for Housing Studies. The latest update is out now, and it incorporates new data from the Census Bureau (the American Housing Survey). The new Census…
Read More