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Remodeling Demand Surges as Homeowners Choose Not to Sell

Pro Builder

Remodeling Demand Surges as Homeowners Choose Not to Sell. Rising mortgage rates and waning inventory are creating a financial incentive for current homeowners to stay in place and remodel . . Remodelers have never been busier. Remodeling. Remodeling Projects. Remodeling. Mon, 04/25/2022 - 10:17.

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Storage Units: Are They Worth Buying Or Building?

Construction Marketing

To Serve As Extra Storage During Remodeling Projects . Storage units come in handy during remodeling processes. To store their goods, supplies, materials, and inventory relevant to their businesses, many business owners look for storage units. For Commercial Use.

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Waning Buyer Demand Is Taking a Toll on the Fix-And-Flip Market

Pro Builder

Prospective homebuyers aren’t the only ones dealing with elevated housing costs and a dearth of new inventory. The ideal environment for fix-and-flip investors is a market with high demand, low inventory, rapidly rising prices, and affordable financing,” says Rick Sharga, ATTOM’s vice president of market intelligence. New-Home Sales.

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What Are the Biggest Remodeling Projects Among Would-Be Home Sellers Staying in Place?

Pro Builder

What Are the Biggest Remodeling Projects Among Would-Be Home Sellers Staying in Place? Houzz & Home Study revealed that the number of homeowners renovating for added square footage is on the rise, and remodeling budgets are also on an upswing. Read more Remodeling Sales Market Data + Trends Remodeling The 2023 U.S.

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What Are the Biggest Remodeling Projects Among Would-Be Home Sellers Staying in Place?

Pro Builder

What Are the Biggest Remodeling Projects Among Would-Be Home Sellers Staying in Place? Houzz & Home Study revealed that the number of homeowners renovating for added square footage is on the rise, and remodeling budgets are also rising. Read more Remodeling Sales Market Data + Trends Remodeling The 2023 U.S.

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Construction Job Openings Fell in February

Pro Builder

Despite the weakening that will occur in 2023, the housing market remains underbuilt and requires additional labor, lots and lumber and building materials to add inventory. The post-virus peak rate of hiring occurred in May 2020 (10.4%) as a post-covid rebound took hold in home building and remodeling. rate in February.

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Why Builders Wait to See Lower Lumber Prices

Pro Builder

The problem for home builders and remodelers is that although lumber futures have begun to moderate, lumber packages quoted to builders have held at or near record highs. This phenomenon is largely a result of dealers’ inventory carrying costs and potentially significant differences between the price at which inventory is bought and sold.

NAHB 98