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Majority of Remodelers Report Lumber, Other Material Shortages

Pro Builder

Majority of Remodelers Report Lumber, Other Material Shortages. The National Association of Home Builders (NAHB) wanted to zero-in on remodelers and found that 77% of surveyed remodelers are running into a framing lumber shortage, 65% report windows and doors shortages, and 63% are short on plywood. Remodeling.

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Remodeling Sentiment Remains High in the First Quarter of 2022

Pro Builder

Remodeling Sentiment Remains High in the First Quarter of 2022. Remodeling market conditions are stable year-over-year, and remodelers are enthusiastic about more growth in the year ahead. . Remodeling. Remodeling Sales + Marketing. Remodeling. Fri, 04/15/2022 - 10:22. Market Data + Trends.

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Remodeling Sector Expected to See Slow but Steady Progress in 2023

Pro Builder

The remodeling sector is expected to experience steady growth in 2023, but at a slower pace than in 2022. Continued material shortages and higher interest rates aren’t just discouraging prospective clients from taking on new projects, they’re also making it more difficult for remodelers to complete existing projects and tackle backlogs.

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Remodelers Are Significantly More Confident Than in 2020

Pro Builder

Remodelers Are Significantly More Confident Than in 2020. Remodeler confidence jumped 36 points compared to the first quarter of 2020. Remodeler confidence, according to the National Association of Home Builders’ Remodeling Market Index, hovered below positive at 48 during this time last year. Remodeling.

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Construction Job Openings Fell in February

Pro Builder

in December 2022, suggesting that the construction labor market may have peaked in 2022 and is now entering a cooling stage as the overall housing market weakens, NAHB Eye on Housing reports. 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.

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Rising Lumber Cost Pushes New Home Prices Up $14,000

Pro Builder

NAHB estimates single-family home prices have increased by $14,116 since April 17 due to lumber prices alone. NAHB considers all plywood, OSB, particleboard, fiberboard, and more to fall under the softwood lumber category. NAHB considers all plywood, OSB, particleboard, fiberboard, and more to fall under the softwood lumber category.

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The State of Construction Job Openings for July

Pro Builder

NAHB says to meet demand, there needs to be more labor, lots, lumber, and building materials. The post-virus peak rate of hiring occurred in May 2020 (10.3%) as a rebound took hold in home building and remodeling. One year ago, there were 298,000 unfilled construction sector openings.

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