3 Unique Perspectives on the Changing Landscape of Remodeling

Posted on Jun 27 2017
Type Insights

 

Residential remodeling has been steadily on the rise for the last several years. So what else is new? Actually, quite a lot. For businesses that deal with property, it’s more important than ever to keep an ear to the ground for the changing landscape of remodeling activity.

Why now? Because 2016 saw some interesting changes in both remodeling growth rate and spending that could have a serious impact on business.

This study delivers a rich overview of remodeling activity across the U.S. from three unique perspectives: historical, national, and regional. Considering this research in these distinct umbrellas can inform the way businesses navigate the evolving trends in remodeling, and even provide a competitive advantage.

Highlights from the article include:

  • A surprising shift in investments post-housing crisis
  • Changes in national residential remodeling growth and spending
  • Trends on regional remodeling and how it can affect carriers

To read the study, click here, or on the button below.

 

Leave a reply

Your email address will not be published. Required fields marked (*)

Apr 20 2017
In the News

BuildFax property insights were recently published in The Wall Street Journal in their article on high-end renovations: Where High-End Renovations Cost $704,000. Houston was the number one city for high-end renovations, with a median spend of $704,000. Boston came in at number two with a median budget of $528,000. Pittsburgh was third, with $385,000. Newark, Jersey … Continued

Jan 24 2017
Blog

There’s been a huge uptick in residential remodeling in the last several years. In some states, homeowners are investing more on average than others. To find out which states are spending the most, BuildFax analyzed the more than 80 million residential properties in our database to determine the average remodeling job cost per state in 2016 (for recorded job … Continued

Nov 3 2016
Blog

It’s been more than eight years since the Great Recession in which both commercial and residential construction took a hit. The drastic drop happened quickly, but where is the market headed now, specifically for the commercial space? We recently compared commercial new construction and commercial remodels over the course of the Great Recession. Based on … Continued