Articles Tagged with ''renovation/remodeling''

The new 700-square-foot showroom offers hardwood flooring from around the world to architects, designers, developers and homeowners. 

Although year-over-year sales are still expected to increase, the impact of rising costs and higher rates has taken its toll on consumers who are pulling back on projects.  

Slowing sales of existing homes, rising mortgage interest rates, and moderating house price appreciation are expected to dampen owners’ investments in home improvements and maintenance over the coming year.

Some customers are showing a reluctance to go forward with projects due to the higher costs and delays associated with material shortages, as well as higher interest rates, according to NAHB. 

Home renovation activity and spend have reached the highest rates reported since 2018, but momentum may be slowing.

Tub-to-shower conversions have become the standard when remodeling or renovating residential or multifamily bathrooms.

Consumers look to incorporate radiant into high-use areas during home improvement boom.

households are seeing real income decline as inflation climbs and stimulus payments recede. The forecast predicts U.S. real disposable income to decline by 3.5% in 2022 after climbing 2.2% in 2021.  

Business remains strong for most remodelers at the beginning of 2022,, however, a few are starting to report that customers are reluctant to move forward on projects due to the delays and higher costs caused by supply chain problems.