Remodeling demand is waning, but as fewer homeowners can afford to relocate, remodelers are still filling backlogs with a steady stream of new projects
Homeowners are staying put and taking on large renovation projects rather than selling and confronting rising mortgage rates, and home improvement stores are reaping the benefits
Homeowners looking to add square footage to their homes in regions with strict zoning laws are digging deep to create spacious and luxurious 'McBasements'
An apartment addition for an accessory dwelling unit to allow a family member to age in place presents several challenges and lessons learned for both the homeowners and contractor alike
The remodeling sector reported strong growth in 2022, but as more remodelers catch up with lengthy backlogs, demand for building materials is expected to fall in the year ahead
Affordability concerns and moderating home price appreciation are causing a slowdown in the remodeling sector, though spending is expected to remain historically high into the year ahead
Waning demand for home purchases means more projects for remodelers, but fulfilling a steady backlog of projects is proving to be a challenge amid inflated materials costs and labor shortages