Articles

Annual growth in homeowner spending for improvements and repairs is expected to soften during the first half of next year, according to the Leading Indicator of Remodeling Activity (LIRA) released by the Remodeling Futures Program at the Joint Center for Housing Studies of Harvard University. Read More

Social media apps house millions of posts every second of the day for the world to observe and engage with and, in addition to entertaining us, they can be an essential tool for businesses to connect with consumers and inspire more sales. Read More

ri Shaeps, a partner in the Century City office of Allen Matkins Attorneys in Law, recently moderated a panel at the California Multifamily Forum to discuss current trends in California’s commercial real estate and multifamily development. Challenges and opportunities multifamily developers are facing include cost escalation, labor shortages, inflation, technology, tenant expectations, and capital investment. The panel featured James Armistead, Vice President of Development at Fairfield Residential; Adrian Berger, Managing Director of Acquisitions at Cypress Equities; Jennifer Halvas, Managing Director of Investor Relations at Cityview; and Richard Hannum, Founding Partner at Forge Development. Here are key takeaways from the discussion: Read More

Increased interest rates, building material supply chain bottlenecks and elevated construction costs continue to put a damper on the single-family housing market, according to The National Association of Home Builders (NAHB). For the first time since June 2020, both single-family starts and permits fell below a 1 million annual pace. Read More

he National Kitchen & Bath Association (NKBA) has released its midyear 2022 Kitchen & Bath Market Outlook. While both inflation and mortgage rate increases have impacted the segment, the overall annual forecast still represents a double-digit increase over 2021. Read More

“About 3 in 5 homeowners (61 percent) did home improvement projects since March 1, 2020, according to an August 2020 NerdWallet Survey. In 2021, 77 percent of those surveyed were motivated to take on a DIY project to increase the future sale value of their homes, according to an Angi survey of 1,000 U.S. homeowners on the DIY home improvements they made during the pandemic, how much they spent and their successes and failures,” Sommer shared. Read More

Builder confidence plunged in July as high inflation and increased interest rates stalled the housing market by dramatically slowing sales and buyer traffic. In a further sign of a weakening housing market, builder confidence in the market for newly built single-family homes posted its seventh straight monthly decline in July, falling 12 points to 55, according to the National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI) released today. This marks the lowest HMI reading since May 2020 and the largest single-month drop in the history of the HMI, except for the 42-point drop in April 2020. Read More

Builder confidence in the market for newly built single-family homes posted its seventh straight monthly decline in July, falling 12 points to 55, according to the National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI). Read More

The floor covering industry is depends on various general economic conditions, such as consumer confidence, income and spending, corporate and government spending, interest rate levels, availability of credit and demand for housing. Increasing new construction facilities, surging demand of residential buildings, commercial amenities and healthcare facilities are likely to drive the growth of the market. According to the report title, “Global Flooring Market Outlook, 2027” the market was value at around USD 340 Billion in 2021 and it is anticipated to grow with the CAGR of 6.18% from 2022 to 2027. Read More

Consumer sentiment rose 2.2% to 51.1 in early July, according to results from the University of Michigan Survey of Consumers. This represents a 37.1% decline year over year. Read More