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Home Improvement and the White House

January 3, 2017 The election of a new president can have both positive and negative effects on the economy — and on the home improvement industry in particular. There is a lot of uncertainty about what lies ahead no matter your ideology. Here’s a look at some possible scenarios. On the positive side, tax cuts…

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Prospective 2017 Home Improvement Trends: First-Timers and Fixer-Uppers

January 3, 2017 2017’s prospective home improvement trends are starting to come into better focus — and all signs point to a surge in first-time home buyers and home improvement spending.  In fact, HomeAdvisor’s 2017 forecast calls for a continued dwindling of “distress” and a continued increase in the number of “normal” home sales. And…

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Five Things To Know About Home Office Attitudes and Trends

December 13, 2016 Shift in Home Office Trends Home offices became increasingly popular during the 1990s and 2000s, but as of the last few years, some renovation pros are seeing a decline in the demand for home improvement services related to working from home. More and more people are working from home, so why the…

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The 2017 Housing Market Forecast

The 2017 housing outlook is one of diverging trends. HomeAdvisor’s forecast calls for single-family housing to rise at a rate similar to the 2016 rate, but for multifamily construction (apartments and condos) to fall, as the recent apartment boom finally winds down. The single-family home increase is because of job growth and rising household formations,…

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When Mortgage Rates Rise, Home Improvement Will Follow

November 29, 2016 By: Brad Hunter, HomeAdvisor’s Chief Economist As mortgage rates increase over the next few years, home improvement activity is likely to increase with them. This may seem counter intuitive, but you can expect two somewhat opposing effects: one highly positive and one slightly negative. Negative Effect The negative effect will stem from…

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Single-Family Home Sales: The West is the Best

November 23, 2016 Sales of new single-family houses in October 2016 were at a seasonally adjusted annual rate of 563,000, according to estimates released jointly today by the U.S. Census Bureau and the Department of Housing and Urban Development. This is 1.9% below the revised September rate of 574,000. That said, the number is 17.8%…

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How to Think About the New Housing Data

November 17, 2016 The new data on housing starts just came out, showing a 25.5% increase in the month of October (seasonally-adjusted percent increase from September, which was revised upward). Although most of the improvement was due to a 74.5% increase in multifamily construction, single-family starts increased nicely as well (up 10.7%). I hasten to…

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Home Depot Sales Beating the Rest of the Economy

November 15, 2016 Retail sales, across all types of stores, have shown significant improvement, but Home Depot continues to run rings around many other types of retail. Home Depot just completed their conference call with industry analysts, and they described their business results for their fiscal third quarter. I jotted down some of the key…

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More Evidence on the “Nesting is Investing” Trend

November 11, 2016 Recent comments from home products manufacturers on their quarterly earnings calls supports our thesis that people are finally getting around to taking on long-deferred home improvements.  Homeowners are now more readily upgrading to higher-quality products.  I was reading some research from UBS’ excellent industry analyst Sue Maklari, and she cited some comments from…

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