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Demand for apartments to fuel multifamily sector

Apartment production has returned to pre-recession levels and vacancies are low, but more new apartment homes are needed, according to experts participating in a press conference today during the National Association of Home Builders (NAHB) International Builders' Show in Las Vegas. Read More

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2020 Green Single Family & Multifamily Homes Trends

This most recent iteration of the decade-long collaboration between Dodge and NAHB to analyze the green home building market contained questions on emerging hot topics, including the use of renewable energy systems, smart home technology for energy management and resilient building. These results provide a snapshot of the current market trends and will be used as a benchmark moving forward in future studies. Read More

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Residential remodel spending slowly grows

Spending on residential improvements will continue to grow over the next two years at a gradual pace, according to experts at a press conference hosted by the National Association of Home Builders (NAHB) Remodelers at the NAHB International Builders' Show (IBS) here. Professional remodelers from across the country agreed with the forecast, citing increased consumer confidence and demand. Read More

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Single-Family starts will gain ground in 2020

"Low resale inventory, favorable mortgage rates, historically low unemployment and accelerating wage growth are driving builder sentiment and point to single-family production gains in 2020," said NAHB chief economist Robert Dietz. "At the same time, builders are still underbuilding as they continue to struggle with rising construction costs stemming from excessive regulations, a chronic shortage of workers and a lack of buildable lots. These affordability headwinds are impeding more robust construction growth." Read More

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Remodelers' confidence increases in Q4

"The low inventory of homes on the market is forcing people to stay in their homes, thus increasing the desire and demand to remodel," Read More

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Money Well Spent: 2020 flooring investments target future growth

As flooring manufacturers head into 2020, leaders are bullish on the industry’s outlook and are making extensive and aggressive plans to invest in a variety of areas to grow their businesses, from expanding their physical footprints to growing their product assortments.  Read More

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Housing starts finish 2019 strong

Total housing starts increased 16.9 percent in December to a seasonally adjusted annual rate of 1.61 million units, according to a report from the U.S. Housing and Urban Development and Commerce Department. This is a 13-year high for housing starts. Read More

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Builder confidence strong, single-family grows

"With the Federal Reserve on pause and attractive mortgage rates, the steady rise in single-family construction that began last spring will continue into 2020," said NAHB chief economist Robert Dietz. "However, builders continue to grapple with a shortage of lots and labor while buyers are frustrated by a lack of inventory, particularly among starter homes." Read More

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Slight Gains in 2020 Outlook for Residential Remodeling

“While homebuilding and sales activity are now firming, softness from earlier last year will continue to pull on remodeling spending growth in 2020,” says Chris Herbert, managing director of the Joint Center for Housing Studies. “However, the slowdown should begin to moderate by year-end as today’s healthier housing market indicators will ultimately lead to more home renovation and repair.” Read More

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Tile looks to expand competitive edge

The tile industry saw a 2.1 percent increase in 2019, totaling $3.9 billion in sales according to Catalina Research. While growth was in the low single digits, Catalina noted that ceramic tile was the only flooring category outside of resilient to gain share in 2019. This year, the tile industry is looking to raise its competitive edge by expanding into new spaces such as kitchen and bath and exteriors.  Read More