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High Inflation and Recession Fears Aren’t Enough to Slow a Red-Hot Remodeling Industry

Pro Builder

Rather than selling and entering into the opposite end of the for-sale market as buyers, homeowners are opting to stay in place and update their homes, but experts predict that many will scale back the extent or the cost of their remodels in 2023 as higher interest rates make loans more expensive, Realtor.com reports. “We

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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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Kitchen Upgrades for Would-Be Sellers Opting to Stay in Place

Pro Builder

Opening kitchen spaces into the primary living area is the most common way to update a home’s layout, but that likely translates into an extensive remodeling project that involves removing load-bearing walls and adding beams. Read more Remodeling Projects Kitchen Home Design Kitchen Absolutely!

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Why Experts Say the Remodeling Sector Will Remain Strong Long-Term

Pro Builder

Why Experts Say the Remodeling Sector Will Remain Strong Long-Term ldeakins Tue, 05/30/2023 - 11:37 Remodeling is slowing as inflation makes home improvement projects more expensive. Read more Remodeling Remodeling Projects Market Data + Trends Remodeling

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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. Remodelers have never been busier. Remodeling. Remodeling Projects.

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

Pro Builder

Waning Buyer Demand Is Taking a Toll on the Fix-And-Flip Market. Though purchase prices are cutting into investor profits, the real kryptonite of the fix-and-flip market is a lack of demand from buyers priced out by fast-rising mortgage rates, a rising trend that forces sellers to cut prices or leave homes sitting on the market for longer.

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Remodeling Sector Eyes Slower Growth Ahead in 2023

Pro Builder

Remodeling Sector Eyes Slower Growth Ahead in 2023. Affordability concerns and moderating home price appreciation are causing a slowdown in the remodeling sector, though spending is expected to remain historically high into the year ahead. Remodeling. Remodeling Sales + Marketing. Remodeling Projects.