Qualified Remodeler Magazine

DEC 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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Page 7 of 56

is moving to Las Vegas in 2019. The Hard Rock Hotel & Casino offers a bigger venue for the conference in the Western U.S., after a very successful two-year run on the East Coast. Now in its third year, TOP 500 LIVE has quickly become a must-attend event for home improvement and remodeling entrepreneurs seeking to drive profitable growth. Headliners for the event include Rodney Webb, Dave Yoho and John Anglis, as well as a special keynote speak- er (announced on p. 4 of this issue). In all, there will be 27 speakers. "Our goal in Las Vegas remains what it's been all along: to provide a platform for the industry's best speakers and top minds to gather and share ideas," says Patrick O'Toole, co-owner and publisher of Qualified Remodeler magazine. Along with the new venue, a new web- site, QRTop500Live.com, is now open and accepting discounted, early-bird registrations through Jan. 31. Companies listed on the annual QR Top 500 list will also receive limited-time, special rates to attend the conference. The QR Top 500 list is now in its 41st year. Since 1978, it's been a benchmark of success for remodelers and home improvement entrepreneurs. | A new-home sale occurs when a sales contract is signed or a deposit is accepted. The home can be in any stage of con- struction—not yet started, under construc- tion or completed. In addition to adjusting for seasonal effects, the October reading of 544,000 units is the number of homes that would sell if this pace continued for the next 12 months. The inventory of new homes for sale rose to 336,000 in October. The median sales price fell 3.6 percent to $309,700 as the market is shifting to townhomes and other lower-cost houses. Looking at the regional numbers on a year-to-date basis, new home sales rose 6.3 percent in the Midwest, 4.1 per- cent in the West, and 3.8 percent in the South. Home sales fell 17.1 percent in the Northeast year-to-date. EVENTS Qualified Remodeler' s TOP 500 LIVE moves to Las Vegas TOP 500 LIVE, the home improvement industry's leading conference for sales, lead generation and management ideas, The report finds that over half of house- holds over 80 are single-person house- holds (57 percent), and more than three quarters of renters over 80 live on their own (77 percent). As more older people live alone, it is increasingly important for homes to be updated with safety accom- modations to age-in-place. These people also increasingly rely on paid nonfamily caregivers to maintain their quality of life. This growth in the older population seeking to age-in-place becomes more challenging in light of recent estimates showing only 3.5 percent of U.S. homes are equipped for those with mobility challenges, which the report defines as single-floor living, no-step entries and extra-wide hallways and doors. HOME BUILDING New-home sales drop 8.9 percent as affordability challenges persist Sales of newly built, single-family homes fell to a seasonally adjusted annual rate of 544,000 units in October after an upwardly revised September report, according to data released by the U.S. Department of Housing and Urban Development and the U.S. Census Bureau. This is the lowest sales pace since December 2016; however, on a year-to-date basis, sales are up 2.8 per- cent from this time in 2017. "The November reading is consistent with reports from our builders, who say that the job market and demographic tailwinds bode well for housing de- mand, but rising interest rates and home prices are forcing customers to take a pause," says Randy Noel, chairman of the National Association of Home Builders (NAHB) and a custom homebuilder from LaPlace, Louisiana. "Policymakers should see this drop in sales as an indicator that housing affordability will continue to slow down the market." "Home sales declined this month as housing affordability continues to be a hurdle for consumers," says NAHB Senior Economist Danushka Nanayakkara- Skillington. "While a solid economy and positive demographics support future demand for housing, it is critical to ad- dress this mounting affordability crisis." Registration is now open for TOP 500 LIVE at www.QRTOP500Live.com QualifiedRemodeler.com QR December 2018 7

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