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Remodeling Expenditures See Strong Growth in 2021

Pro Builder

Remodeling Expenditures See Strong Growth in 2021. Remodeling projects are picking up speed across the U.S. A surge in home remodeling activity is causing an increase in maintenance and home improvement expenditures benefitting the residential construction industry. . Remodeling. Remodeling Sales + Marketing.

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Remodelers Are Finding New Ways to Adapt to a Record-Breaking Housing Market

Pro Builder

Remodelers Are Finding New Ways to Adapt to a Record-Breaking Housing Market. Waning demand for home purchases means more projects for remodelers, but fulfilling a steady backlog of projects is proving to be a challenge amid inflated materials costs and labor shortages. Remodeling. Remodeling Projects.

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Report Finds Existing US Housing Stock Still Needs More Investment

Pro Builder

Report Finds Existing US Housing Stock Still Needs More Investment ibush Fri, 03/24/2023 - 07:50 Despite the pandemic boom in remodeling, a new report from Harvard's Joint Center for Housing Studies finds many U.S. remodeling market to the tune of $567 billion in 2022.

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Building Material Demand Expected to Dip In 2023 as Remodelers Catch Up With Backlogs

Pro Builder

Building Material Demand Expected to Dip In 2023 as Remodelers Catch Up With Backlogs. The remodeling sector reported strong growth in 2022, but as more remodelers catch up with lengthy backlogs, demand for building materials is expected to fall in the year ahead. Remodeling. Remodeling. Mon, 09/12/2022 - 10:26.

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More Americans Became Equity Rich During the Pandemic

Pro Builder

More Americans Became Equity Rich During the Pandemic. As home prices reach record highs, more homeowners are gaining significant equity, meaning that some can even sell their homes for twice the amount they owe on their mortgages, according to Realtor.com. of homes with equity in the United States were equity rich compared with 28.3%

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Rising Mortgage Rates Prompt Would-Be Sellers to Stay in Place and Renovate

Pro Builder

Home sales may be slowing and home prices may be falling, but with sizable equity gains from record home appreciation, homeowners are moving full speed ahead with renovation projects. Americans had a collective $11 trillion dollars in tappable equity, amounting to roughly $207,000 per homeowner, CNBC reports. Remodeling Projects.

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Everyone Wants in on Housing Flipping

Pro Builder

Everyone Wants in on Housing Flipping. One Long Island-based house flipper says now is the best time to be in the business, but finding inventory to rehab is the hard part. That was two housing booms back and long before measured-in-months loans to house flippers became some of the hottest properties on Wall Street.

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