Remodeling
Top Remodelers Raise the Bar of Aging-in-Place and Universal Design
Aging-in-place and universal design projects continue to become more popular — and more impressive. To recognize exceptional remodeling projects that encompass these design techniques, NAHB Remodelers recently announced the winners of its annual Homes for Life awards.
Remodeling Industry Confidence Up Strongly Year Over Year
NAHB released its Remodeling Market Index (RMI) in the first quarter of 2021, posting a reading of 86, up 38 points from the first quarter of 2020. The finding is a signal of residential remodelers’ confidence in their markets for projects of all sizes.
Interest Rates Moving Higher, but Home Buyer Traffic Remains Strong
The 10-year Treasury rate temporarily increased above 1.75% this week — reaching a 14-month high. This is well ahead of forecast and will push interest rates above 3.3% for the average 30-year fixed rate mortgage.
Critical Home Repairs Delayed Because of Sky-High Lumber Prices
As lumber prices remain sky high, home-building activities continue to suffer across all aspects of the industry — including remodeling projects. Cost increases have had an impact on home owners across the board, from those in need of critical assistance to those who have been planning projects for years.
NAHB Recognizes Top Industry Achievements at The Nationals Virtual Awards Gala
NAHB honored outstanding residential real estate sales, marketing and design, 55+ housing projects, individual achievement, young professionals and global excellence at the National Sales and Marketing Awards gala (known as “The Nationals℠”).
Nearly 90% of Builders Have Trouble Getting Appliances
While builders continue to report they are facing problems obtaining lumber and other building materials, you can add appliances to that list.
Houston Remodelers Ramp Up Member Engagement and See Results
NAHB Remodelers recently awarded the Greater Houston Builders Association (GHBA) Remodelers Council the Council Award for Demonstrating Remodeling Excellence (CADRE) for Council of the Year in the large council size category.
Residential Remodeling Fully Recovered from the Beginning of COVID-19
Spending on residential improvements will continue to grow at a healthy pace over the next two years, according to experts speaking at an online press conference hosted by NAHB Remodelers during the 2021 IBSx.
2021 New American Home and New American Remodel Debut at IBSx
The official show homes of the 2021 International Builders’ Show virtual experience (IBSx) were unveiled today. The virtual video presentations of each home, in addition to immersive 3-D virtual tours, will be available for all registered attendees during IBSx, Feb. 9-12.
IBSx Remodeled Show Home Boasts Strong Connection to the Outdoors
The New American Remodel® 2021 demonstrates the significant impact of today’s advanced construction techniques and innovative building products. The project transformed a dated, energy-devouring, 1973-built home into a modern showcase of contemporary living and ultra-energy efficiency.
