New home construction will flatten. After a dramatic recovery following the housing market crash of 2008, U.S. housing starts are expected to flatten in 2019 as millennials delay the purchase of a first home longer than any generation in U.S. history. Housing prices will continue to rise. As the...
Smart-home technologies are moving into commercial and industrial buildings, and building-products companies known for more traditional product offerings are challenged to market these new product lines to existing customers and prospects. The housing boom is driving rapid growth in the building-products industry, and, like many B2B companies, building-products manufacturers struggle...
Since 2013, the wood-flooring manufacturing industry has stabilized and strengthened in tandem with the American economy. As construction activity increases, here are 5 trends that wood-flooring stakeholders should keep in mind as they navigate this period of economic growth: Home-improvement spending among consumers is going up. With higher disposable incomes,...