Slowing home sales, rising interest rates and home price appreciation moderation will see a slowdown of homeowner remodeling activity through mid-2023. While growth will soften, annual remodeling expenditures are still projected to expand to approximately $450 billion, according to the recently-released Leading Indicator of Remodeling Activity (LIRA). The Leading Indicator of Remodeling Activity comes courtesy […]

With some door and window dealers reporting a modest slowdown amid summer months and vacations, one indicator of demand for remodeling indicates that the remainder of the year could bring steep increases. The same report suggests that sales will remain on an upswing through the middle of next year. The latest edition of the Leading […]

Masonite International Corp. has appointed John H. Chuang, co-founder and CEO of Aquent, to the company’s board of directors effectively immediately. Chuang was appointed to fill a vacancy on the board. “John has a wealth of experience and insights in change management, talent acquisition and employee development,” said Robert J. Byrne, chairman of the board […]

The U.S. housing market is much healthier than it was in the worst days of the Great Recession, but a lack of supply is pushing prices higher and making home buying and renting more difficult for many Americans. DWM’s July newscast delves into the latest comprehensive report on the state of the nation’s housing market […]

For remodelers, business will continue to be good in the ‘hood. Spending on residential remodels will continue to trend upward, according to experts at a press conference hosted by the National Association of Home Builders (NAHB) Remodelers at the International Builders’ Show in Las Vegas. Professional remodelers from around the country agreed with the forecast, […]

Remodelers, it’s time to get happy again. During a recent webinar hosted by the Joint Center for Housing Studies (JCHS) at Harvard University, panelists proclaimed the remodeling industry is on the rise. They went further than just a proclamation, though, breaking down what’s driving the comeback, including identifying specific trends in the fenestration market. “In […]

The Joint Center for Housing Studies (JCHS) at Harvard University released its annual The State of the Nation’s Housing report on Thursday, which suggested that though the U.S. housing recovery faces a number of challenges, it should regain its footing. While tight credit, unemployment rates, and the sizable student load debt have kept many Millennials from buying homes, “as long as the economy remains on the path of slow, but steady improvement, housing should follow suit,” says Chris Herbert, research director at the JCHS.

When experts discussed the state of the nation’s housing this week, they all concurred that yes, the recovery is underway, but outlined the hurdles that still must be crossed. Among them: a gap between white American and Hispanic and African Americans when it comes to home ownership rates, and continued credit challenges and homeowners who […]

A new study release by the Joint Center for Housing Studies of Harvard University shows an overall revitalization of the nation’s housing stock is underway. According to The U.S. Housing Stock: Ready for Renewal, foreclosed properties are being transformed, sustainable home improvements are increasing in popularity, older homeowners are retrofitting their homes to accommodate their […]