For the past three years, remodeling spending has continued to increase partly due to a consistent number of kitchen and bath projects. In 2011, remodeling spending was $276 billion for homeowner and rental improvement repair, $284 billion was spent in 2012, and 2013 was projected to hit $317 billion by the end of the year, according to the Remodeling Futures Program at Harvard University’s Joint Center for Housing Studies.
Archive for the 'Industry Trends' Category
As residents of one of the very first suburban areas in the nation (Levittown which started construction in 1947), our million plus housing units are aging along with our population. With mortgage rates slowly increasing and home values still stagnant, many Long Islanders are opting to renovate, rather than move.
That leaves thousands and thousands of homeowners who need new windows, doors, etc., but may not necessarily have the budget for a major renovation. They want to make the most of increased energy efficiency, but don’t want a major disruption. Continue reading ‘Are You Missing Sales Opportunities To Already Pre-qualified Customers?’
Looking toward 2014 already? See what social media trends are coming over the horizon. Some networks are here to stay and will continue to grow, while others are already stale. Determine where you should budget your time in the upcoming fiscal year now…
According to an article posted by the Joint Center for Housing Studies of Harvard University on January 16, 2014 in Cambridge, MA, the home remodeling market should see strong growth in 2014, 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. The double-digit gains in annual home improvement spending projected for the first half of the year should moderate some to just under 10 percent by the third quarter.
Despite the Federal government’s best intentions, the U.S. economy is finishing the year strong, and both the local and national housing markets are in good shape. That deserves a big THANK YOU to YOU – for it’s you, not the squabbling members of Congress, who are getting the job done!
As we finish out this year and look toward the next, we’re optimistic, and so are others. “The cards are in play for a decent and fairly strong recovery in 2014, and particularly in 2015,” said National Association of Home Builders Chief Economist David Crowe. “From the standpoint of GDP growth, housing has been a plus, growing at two, three and four times the rate of the rest of the economy in recent quarters.”
As we approach the New Year, we want to take this opportunity to wish you and your family a happy and safe holiday season, and wish you and your business associates a successful and profitable 2014.
We look forward to working with you again next year on all your building and remodeling projects.
Happy Holidays from your building material supply partner.
In our culture we like to super-size everything – from our meals to our drinks, even our storms. Now, economists – lumber experts in particular – have attached the adjective to the wood products market, referring to the current supply and demand conditions as a “super-cycle,” which could result in record prices for lumber and panel products in 2014.
The report, released by Wood Markets, “The Solid Wood Products Outlook: 2013-2017,” examines an overall tightening of the global timber supply base, but forecasts that it’s mainly in North America where scarcities will be felt. What has caused (or will cause) supply constraints? The answers are many and varied and reach back a number of years, setting the stage for where we are now. Continue reading ‘Are Lumber Prices Set To Soar?’
Through 2017, global demand for windows and doors is expected to rise 7.1 percent annually to $223 billion, significantly exceeding the growth rate of the 2007-2012 period. That’s according to a new report issued by the Freedonia Group, a market-based research company. The US market for windows and doors is forecast to post a strong recovery and see gains of over 10 percent per year through 2017, after suffering outright declines between 2007 and 2012. Plastic window and door products are expected to see the fastest demand gains through 2017. Growth will be supported by increasing demand for vinyl windows due to their low cost, durability, and minimal maintenance. Talk to us for all your window and door needs.
The cost of your building materials are intrinsically linked to fluctuations in the commodity market, for when raw material prices rise for such things as zinc, lead or aluminum, prices will inevitably increase for the finished products (i.e. faucets and fasteners). As the year comes to a close, we’re seeing metals trade sideways, which could add to some price stability after the past few years of rising prices. Copper is the one exception, as a global glut could push prices down 10%. Oil prices are stuck, too, which should aid in the near-term price stability of petroleum-based products such as asphalt shingles.
The recent recession helped alter housing demographics; more young adults and recent college graduates remained home with mom and dad as they searched for jobs (and even after they found jobs). In other instances, households looking to supplement lost income began renting out rooms. In both examples, this sometimes meant retrofitting attic space into living space and that sometimes made for a challenge of where to put the stairs.
Homeowners didn’t want large, clunky stairs taking away from living space, so builders and architects had to get creative. To view some creative stair designs, google “building stairs in tiny spaces” and click on the image link. When you find something you like, show the picture to us and we’ll help you find the products you need.
Universal design (a.k.a. barrier-free design) is building convenience into functionality; it’s also an element of the booming aging-in-place remodeling market (see article below). In the bathroom, universal design includes the following elements:
- Grab bars near toilets, showers and tubs
- Skid-free flooring and slip-resistant tub and shower surfaces
- Easy-to-use single-lever faucets for sink, shower and tub
- Adjustable mirrors
- Console vanities, pedestal sinks and wall-mounted lavatories
Talk to us if you have questions about products that fit universal design concepts.