The National Association of Home Builders (NAHB) released its NAHB/Westlake Royal Remodeling Market Index (RMI) for the fourth quarter, posting a reading of 67, increasing two points compared to the previous quarter.
With home renovations escalating post-pandemic, especially in bathrooms, customization is trending with a shift to engineered shower installation systems.
Designer Lisa McClure specified Metroflor Déjà New LVT for the emergency and stabilization shelter in Birmingham, Alabama, for its style and durability.
More than 60% of homeowners say they plan to stay in their homes for 11 years or more following a 2022 renovation. Additionally, the share of homeowners undertaking renovations with a plan to sell their home soon has declined by half since 2018.
U.S. households saw homeowners and families embark on a wide variety of renovations and remodeling projects over the past year, according to a joint study from the National Association of Realtors and the National Association of the Remodeling Industry.
With ongoing uncertainty in financial markets and the threat of a recession, homeowners are increasingly likely to pare back or delay projects beyond necessary replacements and repairs, according to the Joint Center for Housing Studies of Harvard University.