Despite an overall feeling of negativity across the housing construction industry, with builder sentiment still in negative territory as of late, the remodeling market persists in its positivity, according to the latest data from the National Association of Home Builders (NAHB). The NAHB/Westlake Royal Remodeling Market Index (RMI) reported a reading of 62 (with 50…
How many remodeling referrals should agents expect to hand out to past clients this year? According to the Harvard University’s Joint Center for Housing Studies (JCHS) latest update to its Leading Indicator of Remodeling Activity (LIRA), spending on remodeling is expected to grow, but slow down gradually, as the year goes on. The current year-over-year…
Immigrant labor has become essential to both homebuilding and residential remodeling in top metro areas with the highest levels of building permits, according to new research from Harvard’s Joint Center for Housing Studies (JCHS). The findings underscore the critical role that foreign-born workers play across the entire residential construction space—from new home construction to major…