Qualified Remodeler Magazine

OCT 2018

Qualified Remodeler helps independent remodeling firms to survive, become more professional and more profitable by providing must-have business information, namely best business practices, new product information and timely design ideas.

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demand continues to increase among millennials and other newcomers." LaCantina announces design winners LaCantina Doors announced the winners of its annual architect's design compe- ƋĜƋĜŅĺØåŸƋŅüX±±ĺƋĜĺ±Ɨljŏîţåƴåĺ inspired projects from across the country were honored for architectural excellence, Ïųå±ƋĜƴåÚåŸĜčĺ±ĺÚƋĘåÆåŸƋŅüƚŸåŅü LaCantina door and window products. åŸƋĜĺĘŅƵƵåĺƋƋŅųŅĬĬåƼBŅƚŸåÆƼ åĜĺĀåĬÚeųÏĘĜƋåÏƋƚųå{ØÏĘŅŸåĺüŅųĜƋŸ rowth in home improvement spending is expected to be wide- spread across the country's largest metropolitan areas in 2018, according to a new model developed by the Remodeling Futures Program at Harvard University's Joint Center for Housing Studies. €e model produces short-term projections of remod- eling activity for 50 major metropolitan areas. €e development of the model utilizes two decades of home improvement spending in several of the nation's largest metro areas as benchmark data. €e model projects that improvement spending by homeowners will increase in all 50 metros this year, and by at least 5 percent in 41 of the 50 metros. Moreover, the Joint Center projects that annual spending will grow by 10 percent or more in 11 of these major metros, led by Kansas City, Missouri; Charlotte, North Carolina; San Antonio; Dallas; and Sacramento, California. €e metro projections suggest the national increase is likely to be broad- based, rather than being concentrated in any one area of the country. €ese projections mirror the national projections from the Remodeling Futures' quarterly Leading Indicator of Remodeling Activity (LIRA), which predicts national spending on remodeling will grow by more than 7 percent in 2018. €ese new metro-level projections draw on more than a year of research into what drives homeowner remodeling activity at the local level, an e–ort that relied on home improvement data from 1995 to 2015 in the Detroit, Chicago, Los Angeles and Philadelphia metro areas. About two- thirds of the variation in these metros' historical growth rates is closely correlated with such factors as gains in local home prices, home sales activity, housing starts, retail sales of building materials, and remodeling permitting activity. Major Metro Remodeling Markets {ųŅģåÏƋåÚƋŅBå±ƋŞeÏųŅŸŸƋĘåţţ REMODELING ACTIVITY continued f MARKETING Home construction levels revised ±ĬåŸŅüĺåƵĬƼÆƚĜĬƋØŸĜĺčĬåěü±ĵĜĬƼĘŅĵåŸ ųŅŸåƑţăŞåųÏåĺƋĜĺeƚčƚŸƋƋŅ±Ÿå±ŸŅĺ±ĬĬƼ ±ÚģƚŸƋåÚ±ĺĺƚ±Ĭų±ƋåŅüƆƗŀØljljljƚĺĜƋŸ±üƋåų ÚŅƵĺƵ±ųÚĬƼųåƴĜŸåÚIƚĺå±ĺÚIƚĬƼųåŞŅųƋŸØ ±ÏÏŅųÚĜĺčƋŅĺåƵĬƼųåĬ屟åÚÚ±Ƌ±ÆƼB% ±ĺÚƋĘåţţåĺŸƚŸƚųå±ƚţĘåŸåÚŅƵĺ- Ƶ±ųÚųåƴĜŸĜŅĺŸŸƚččåŸƋŸŅüƋĺ域ĜĺĺåƵě ĘŅĵ埱Ĭ埱ÏƋĜƴĜƋƼƋĘĜŸŸƚĵĵåųţBŅƵåƴåųØ Ņĺ±Ƽå±ųěƋŅěÚ±ƋåƱŸĜŸØŸ±Ĭ埱ųåƚŞƆţŀ ŞåųÏåĺƋüųŅĵƋĘĜŸƋĜĵåĜĺƗljŏƁţ ŮcåƵĘŅĵ埱ĬåŸĘ±ƴåƋĜÏĩåÚƚŞĜĺ eƚčƚŸƋØÚƚåƋŅŞŅŸĜƋĜƴåÚåĵŅčų±ŞĘĜÏŸ±ĺÚ G ±ŸƋųŅĺčŅƴåų±ĬĬåÏŅĺŅĵƼØŰŸ±ƼŸ±ĺÚƼ cŅåĬØÏʱĜųĵ±ĺŅüƋĘåc±ƋĜŅĺ±ĬeŸŸŅÏĜ±ƋĜŅĺ ŅüBŅĵåƚĜĬÚåųŸŠceBš±ĺÚ±ÏƚŸƋŅĵ ĘŅĵåÆƚĜĬÚåųüųŅĵX±{Ĭ±ÏåØXŅƚĜŸĜ±ĺ±ţ ŮBŅƵåƴåųØĘŅƚŸĜĺč±ýŅųÚ±ÆĜĬĜƋƼųåĵ±ĜĺŸ± ŸåųĜŅƚŸÏŅĺÏåųĺرĺÚÆƚĜĬÚåųŸĵƚŸƋĵ±ĺ- ±čåŸƚŞŞĬƼěŸĜÚåÏŅŸƋŸ±ĺÚŸƋĜýųåčƚĬ±ƋŅųƼ ĘƚųÚĬåŸƋŅĩååŞŞųĜÏåŸÏŅĵŞåƋĜƋĜƴåţŰ ŮBŅƚŸĜĺč±ýŅųÚ±ÆĜĬĜƋƼʱŸƋ±ĩåĺ±ƋŅĬĬ ŅĺĺåƵĘŅĵ埱ĬåŸŅƴåųƋĘåŸƚĵĵåųØ ±ĺÚƋĘåųåÏŅƚĬÚÆåĵ±ųĩåƋƴŅĬ±ƋĜĬĜƋƼĜĺƋĘå months ahead as communities grap- ŞĬåƵĜƋĘƋĘå±üƋåųåýåÏƋŸŅüBƚųųĜϱĺå 8ĬŅųåĺÏåØŰŸ±ƼŸceBĘĜåü)ÏŅĺŅĵĜŸƋ ŅÆåųƋ%ĜåƋDŽţŮƋĜĬĬØƵååƻŞåÏƋƋĘåŅƴåų- all housing market to grow this year as ANNUAL GROWTH IN HOME IMPROVEMENT SPENDING Ɨljŏî}Ċ Projected Change (Percent) n Negative n 0 to 4 n 5 to 9 n 10 or More ĘåƋŅŞăljĵåƋųŅŸĜĺƋĘåţţ±ųååƻŞåÏƋåÚƋŅčųŅƵĜĺųåĵŅÚåĬĜĺč ±ÏƋĜƴĜƋƼƋĘĜŸƼå±ųرÏÏŅųÚĜĺčƋŅB±ųƴ±ųÚĺĜƴåųŸĜƋƼűŸIŅĜĺƋåĺƋåųüŅų BŅƚŸĜĺčƋƚÚĜåŸţ cŅƋåŸ×{ųŅģåÏƋĜŅĺŸĵåƋĘŅÚŅĬŅčƼĜŸŅƚƋĬĜĺåÚĜĺüŅųƋĘÏŅĵĜĺčIBųåŸå±ųÏĘĺŅƋåØ Ů{ųŅģåÏƋĜĺčBŅĵåFĵŞųŅƴåĵåĺƋŞåĺÚĜĺč±ƋƋĘåaåƋųŅŞŅĬĜƋ±ĺeųå±XåƴåĬţŰ ŅƚųÏå×IŅĜĺƋåĺƋåųƋ±ÆƚĬ±ƋĜŅĺŸŅüaŅŅÚƼűŸ±ĺ±ĬƼƋĜÏŸØţţåĺŸƚŸƚųå±ƚØŅųåXŅčĜÏØ c±ƋĜŅĺ±ĬeŸŸŅÏĜ±ƋĜŅĺŅüå±ĬƋŅųŸ±ĺÚƚĜĬÚü±ƻÚ±Ƌ±ţ 8 September 2018 } QualifiedRemodeler.com IN BRIEF

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