Key Takeaways: This is the first time in over 40 years that mortgage rates – after controlling for inflation - have been negative.Inflation is 9.1%, nearly twice as high as 5.5% mortgage ...
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What’s Next for Inflation? 4 Things Skilled Trades Pros Need to Know
Key Takeaways: Inflation varies a lot depending on the product, even with the same category of projects. For example, since the onset of the pandemic asphalt shingle prices have increased 8%, while ...
Update: Now Continues to be the Least Affordable Time to Buy a Home in Recent History
As interest rates for mortgages continue to rise, so does the comparative advantage of staying in place and remodeling vs. buying a new home. Key Takeaways: Controlling for hourly wage rates, a ...
Residential Trades Employment and Wages are Both Up Despite Shrinking GDP
Key Takeaways Even though real GDP contracted in the first quarter triggering recession fears, residential specialty trades contractor employment stayed even month over month and is 5% higher than ...
Now Is the Worst Time to Buy a Home in the Last 15 Years
Key Takeaways 30-year mortgage rates rose to 5.11% for the first time in over a decade The combined cost of a home – base price and mortgage rate – has produced the highest lifetime cost on ...
The Reason Why Sustainable Housing Must Be Led by Renovators and Remodelers
Key Takeaways: There are 143 million existing housing units in the country, while the production rate of new homes is only 1.3 million homes per year.If all the productive capacity of new home ...
20% Growth in 2021 Home Service Spending as Americans Adjust to a New Normal
Angi’s 2021 State of Home Spending Report finds 20% year-over-year growth in home services spending. This week we released our annual report examining the behavior of households spending on ...
The Skilled Trades in America: How the Great Resignation Could Provide Great Opportunity for the Skilled Trades
Today we launched the second annual edition of our flagship report The Skilled Trades in America. This original research provides a deep dive into the trade labor shortage, job satisfaction in the ...
The Home Services Market Just Grew 17% Year Over Year
Over the last year, construction and remodeling prices increased, the shortage of skilled labor remained and consumers pivoted their spending to the home. But what did the unexpected impact of ...
How Did Remodeling Prices Change in 2020? The True Cost Report is Back
As the 2021 remodeling season gets underway, we’re relaunching our True Cost Report from years past, with a specific focus on 1) What common projects cost, 2) what causes total cost to rise or fall 3) ...