• Downturn in Home Remodeling May Bottom Out in 2024
    Home Improvement

    Downturn in Home Remodeling May Bottom Out in 2024

    Spending for residential improvements and repairs is expected to shrink this year for the first time since 2010, but signs point to some easing of declines by year’s end, according to the Leading Indicator of Remodeling Activity (LIRA) released today by the Remodeling Futures Program at the Joint Center for Housing Studies of Harvard University. The LIRA projects that declines in annual homeowner renovation and maintenance expenditure will worsen through the third quarter of this year before moderating slightly to -6.5 percent by the end of 2024. “Home remodeling will continue to suffer this year from a perfect storm of high prices, elevated interest rates, and weak home sales,” says…

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  • Remodeling Your Home? Consider These 10 Ways to Incorporate Recycled Materials
    Home Improvement

    Remodeling Your Home? Consider These 10 Ways to Incorporate Recycled Materials

    Home remodeling is a $400 billion industry, with about 1.123 million new single-family homes built in the United States last year, and experts say that both figures are on the rise. This growth requires billions of tons of concrete, steel, drywall, and other building materials, all of which require a tremendous amount of energy to extract, transport, and dispose of in landfills. According to the Environmental Protection Agency, construction has a major impact on the environment: It causes greenhouse gas emissions; air, water, and land pollution; energy and water consumption; and land and habitat loss. When you’re updating your space, choosing sustainable home décor brands and recycled materials for renovation…

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  • At Home: Beware the four most expensive words in home remodeling | Lifestyle
    Home Improvement

    At Home: Beware the four most expensive words in home remodeling | Lifestyle

    Once again, even while I know improved, those 4 minimal words, usually uttered in the throes of a property transform, obtained me: As very long as we’re reworking the kitchen area, let us update the visitor rest room! Yeep! That innocuous small phrase, “as lengthy as we’re,” and its falsely implied convenience, also masquerades as the equally risky (and expensive) 4 words and phrases: when we’re at it. …. Just after these humble phrases often appear the phrases why don’t we, or we must, or let us. Subsequent matter you know, your total residence is torn apart. My husband and I have been remodeling our kitchen and had picked new…

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  • Beware the 4 most expensive words in home remodeling | Entertainment/Life
    Home Improvement

    Beware the 4 most expensive words in home remodeling | Entertainment/Life

    Once again, even though I know better, those four little words, often uttered in the throes of a home remodel, got me: As long as we’re, remodeling the kitchen, let’s update the guest bathroom! Yeep! That innocuous little phrase, as long as we’re, and its falsely implied convenience, also masquerades as the equally dangerous (and expensive) four words: While we’re at it. … After these humble phrases often come the words why don’t we, or we should, or let’s. Next thing you know, your whole house is torn apart. My husband and I were in the process of remodeling our kitchen and had picked new stone for the counters. If…

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  • Lowe’s Says Home Remodeling Trend Still Strong
    Home Improvement

    Lowe’s Says Home Remodeling Trend Still Strong

    The nation’s second-largest chain of hardware stores said Wednesday (Nov. 16) that its commercial or “Pro” business grew 19% last quarter, as consumers continue to invest in home remodeling projects rather than face the turbulence and high mortgage rates that are currently crimping housing sales. In announcing its third-quarter earnings results, the CEO of the North Carolina-based operator of nearly 2,000 stores said that contrary to common misperception about the home improvement business, Lowe’s current and long-term prospects remain strong. “Even in the U.S. market where home prices have declined after a particularly steep run-up during the pandemic, we are not seeing any impact to sales,” Lowe’s CEO Marvin Ellison told…

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  • Design And Remodeling Industry Bullish On Voice Control in The Home
    Home Improvement

    Design And Remodeling Industry Bullish On Voice Control in The Home

    Faucets with voice control capability add convenience and safety to kitchen work. Moen Inc. Voice control technology is becoming increasingly popular in our lives and homes. More than a third of Americans own a smart speaker – that’s about 100 million users – according to National Public Media’s 2022 Smart Audio Report and 86% agree that they “allow for a more convenient living experience.” In a study of kitchen technology and Millennials, the National Kitchen & Bath Association reported, “Technology is becoming essential, not optional, in kitchen design.” Manufacturers are increasingly including it in appliances, fixtures and other home essentials, so the likelihood of a client having these capabilities in…

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