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Remodeling Expenditures See Strong Growth in 2021

Pro Builder

Remodeling Expenditures See Strong Growth in 2021. Fri, 10/22/2021 - 09:56. 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.

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Homeowners in Luxury Markets Are Seeing Major Equity Gains

Pro Builder

Homeowners in Luxury Markets Are Seeing Major Equity Gains. Tue, 12/28/2021 - 14:04. In luxury markets like San Diego, some residents are reporting record gains in home equity wealth. year-over-year increase in home equity during the third quarter of 2021. This moved equity gains to another record high.

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More Americans Became Equity Rich During the Pandemic

Pro Builder

More Americans Became Equity Rich During the Pandemic. Fri, 11/12/2021 - 09:30. 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. In the third quarter of 2021, roughly 39.5%

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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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Construction Excluded From New OSHA Standard

Pro Builder

Tue, 07/06/2021 - 12:00. NAHB argued that residential construction should not be included under the standard because the nature of new-home building and remodeling makes them a much lower risk for virus transmission. OSHA issued the ETS in June 2021 and announced that the new standard applies only to workers in health care settings.

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NAHB Chairman's Letter: NAHB Launches Diversity Compact to Expand Opportunities

Pro Builder

Tue, 07/06/2021 - 07:00. Chuck Fowke / NAHB 2021 Chairman. The home building industry is a diverse mix of professionals—builders, developers, remodelers, carpenters, plumbers, electricians, masons; the list is extensive. Taking Concrete Steps Toward Diversity, Equity, and Inclusion. Visit nahb.org/dei to learn more.

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Everyone Wants in on Housing Flipping

Pro Builder

Wed, 09/08/2021 - 09:29. Mortgage trusts, pensions, hedge funds, private-equity firms, investment banks and insurance companies all want so-called flip loans, drawn by yields in the range of 8% to 12% at a time when one-year Treasurys pay less than 0.1%. Remodeling. Everyone Wants in on Housing Flipping. cbroderick.

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