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Remodel Activity Projected to Remain Strong into 2022, Says JCHS

The Leading Indicator of Remodeling Activity (LIRA) projects year-over-year gains in annual improvement and repair spending will reach 9% in the fourth quarter and maintain that pace into 2022, according to the by the Remodeling Futures Program at the Joint Center for Housing Studies of Harvard University.  Read More

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Single-Family Home Starts Flat in September

Single-family housing production held steady in September as strong demand helped to offset ongoing building material supply chain disruptions. Meanwhile, declines in multifamily  production helped to push overall housing starts in September down 1.6% to a seasonally adjusted annual rate of 1.56 million, according to a report from the U.S. Department of Housing and Urban Development and the U.S. Census Bureau. Read More

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Single family starts flat in September

Single-family housing production held steady in September as strong demand helped to offset ongoing building material supply chain disruptions. Meanwhile, declines in multifamily production helped to push overall housing starts in September down 1.6 percent to a seasonally adjusted annual rate of 1.56 million, according to a report from the U.S. Department of Housing and Urban Development and the U.S. Census Bureau. Read More

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Renovation Activity Expected to Remain Strong in Q4

The Q4 2021 Houzz Renovation Barometer found that businesses anticipate strong activity through the end of the year. With steady increases in backlogs since the beginning of the pandemic, construction professionals in particular report wait times of nearly three months before new projects can begin. Read More

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Architecture Billings Rose 1 Point to 56.6 in September

The Architecture Billings Index (ABI) score for September was 56.6, which is up from August’s score of 55.6, according to a new report today from The American Institute of Architects (AIA).  Read More

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September Housing Starts Slid 1.6% from August, Rose 7.4% YOY

Privately‐owned housing starts in September were at a seasonally adjusted annual rate of 1,555,000, 1.6% below the revised August estimate of 1,580,000 but 7.4% above the September 2020 rate of 1,448,000, the U.S. Census Bureau and the U.S. Department of Housing and Urban Development jointly announced. Read More

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Flooring sales rebound from COVID uncertainty

According to Catalina Research, U.S. floor coverings sales came roaring back during 2021, as rising COVID-19 vaccination rates and a surge in personal income provided the consumer confidence to replace their flooring. Residential purchases also received a boost from sharp gains in new home construction and existing home sales due to historic low interest rates. Read More

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Strong demand boosts builder confidence

Strong consumer demand helped push builder confidence higher in October despite growing affordability challenges stemming from rising material prices and shortages. Builder sentiment in the market for newly built single-family homes moved four points higher to 80 in October, according to the National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI) released today. Read More

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High Inflation to Continue into 2022

Uncomfortably high inflation will grip the U.S. economy well into 2022, as constrained supply chains keep upward pressure on prices and, increasingly, curb output, according to economists surveyed this month by The Wall Street Journal. Read More

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Builder Sentiment Rose 4 Points to 80 in October

Builder sentiment in the market for newly built single-family homes moved four points higher to 80 in October, according to the National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI). Read More