The document provides a summary of WarmlyYours' Q1 2015 Industry Report. It states that the remodeling industry experienced slow but steady growth in Q1 2015. WarmlyYours also saw 10% growth overall in this period, with strongest growth in outdoor heating systems, integration kits, and small bathroom/kitchen upgrades. The report predicts that remodeling and radiant heating system sales will increase gradually for the rest of 2015, driven by pent-up demand from homeowners.
The year 2018 is marked with unique design and smart technologies in kitchen appliances. Smart appliances can make your cooking really easy and fun. You can enjoy smart coffee-makers, microwaves, precision cookers, grill masters and what not! Most are internet connected so you can adjust your tech through Amazon or Google applications. Some have video chat and video-making capabilities while others can be adjusted remotely, even when you are shopping!
The year 2018 is marked with unique design and smart technologies in kitchen appliances. Smart appliances can make your cooking really easy and fun. You can enjoy smart coffee-makers, microwaves, precision cookers, grill masters and what not! Most are internet connected so you can adjust your tech through Amazon or Google applications. Some have video chat and video-making capabilities while others can be adjusted remotely, even when you are shopping!
Kitchen and bath industry projects 10 12% growthSamuel_Green
Last 2017, SEN’s Design Group projected a 5 to 8 percent increase for the kitchen and bath industry. The data include housing trends, labor and regional differences, as well as many other factors. This year, however, the design group sees at least a 10 to 12 percent growth should there be no cataclysmic global event and interest rates.
Homeowners and renters remodel, redesign, and restructure their home for a variety of reasons. This report takes a deep dive into the reasons for remodeling, the success of taking on projects, and the increased happiness found in the home once a project is completed.
Homeowners and renters remodel, redesign, and restructure their home for a variety of reasons. This report takes a deep dive into the reasons for remodeling, the success of taking on projects, and the increased happiness found in the home once a project is completed.
The future of home remodeling and renovation will play a larger role in homeowners building product purchasing and improvement strategy for years to come.
Building Products and Materials Industry Insights - Q1 2015Duff & Phelps
M&A activity in the building products and materials industry was up nearly 20% in 2014 with further consolidation expected in 2015. The consumer confidence index is at a seven-year high and mortgage rates are at a 20-month low, both of which bode well for an increase in the homeownership rate. For more detail on housing trends, public market performance and deal activity, read the report.
Econometric Forecast Model for Housing Components ManufacturerMichael Wolfe
Forecasting demand in a cyclical business such as housing components is difficult & tricky. In this case, we developed an econometric model for housing components driven by order backlogs, housing starts, remodeling spending and pricing.
Sage survey revealing the revenue performance and business challenges of residential contractors during the continuing economic recovery. The survey was conducted at the 2015 NAHB International Builders' Show.
As part of a Product Development class, we explored what gaps there are in the market that we could fill. This is the final of three presentations to convince stakeholders of the lucrative nature of our plan.
Santa Clarita home improvement biggest impacts for home sellersConnor T. MacIVOR
What are those things that you can do to your home in the way of home improvements that will give a Santa Clarita homeowners the biggest bang for their buck? If you want to see my virtual list on our Santa Clarita blog go to https://SantaClaritahomeexperts.com/blog and you will see this home improvement article from June 2, 2020. I'm Connor MacIvor local real estate agent in the Santa Clarita Valley - thanks for taking the time to watch NAR's 2019 modeling impact study - Which I'm a member of NAR - full and in good standing!
Kitchen and bath industry projects 10 12% growthSamuel_Green
Last 2017, SEN’s Design Group projected a 5 to 8 percent increase for the kitchen and bath industry. The data include housing trends, labor and regional differences, as well as many other factors. This year, however, the design group sees at least a 10 to 12 percent growth should there be no cataclysmic global event and interest rates.
Homeowners and renters remodel, redesign, and restructure their home for a variety of reasons. This report takes a deep dive into the reasons for remodeling, the success of taking on projects, and the increased happiness found in the home once a project is completed.
Homeowners and renters remodel, redesign, and restructure their home for a variety of reasons. This report takes a deep dive into the reasons for remodeling, the success of taking on projects, and the increased happiness found in the home once a project is completed.
The future of home remodeling and renovation will play a larger role in homeowners building product purchasing and improvement strategy for years to come.
Building Products and Materials Industry Insights - Q1 2015Duff & Phelps
M&A activity in the building products and materials industry was up nearly 20% in 2014 with further consolidation expected in 2015. The consumer confidence index is at a seven-year high and mortgage rates are at a 20-month low, both of which bode well for an increase in the homeownership rate. For more detail on housing trends, public market performance and deal activity, read the report.
Econometric Forecast Model for Housing Components ManufacturerMichael Wolfe
Forecasting demand in a cyclical business such as housing components is difficult & tricky. In this case, we developed an econometric model for housing components driven by order backlogs, housing starts, remodeling spending and pricing.
Sage survey revealing the revenue performance and business challenges of residential contractors during the continuing economic recovery. The survey was conducted at the 2015 NAHB International Builders' Show.
As part of a Product Development class, we explored what gaps there are in the market that we could fill. This is the final of three presentations to convince stakeholders of the lucrative nature of our plan.
Santa Clarita home improvement biggest impacts for home sellersConnor T. MacIVOR
What are those things that you can do to your home in the way of home improvements that will give a Santa Clarita homeowners the biggest bang for their buck? If you want to see my virtual list on our Santa Clarita blog go to https://SantaClaritahomeexperts.com/blog and you will see this home improvement article from June 2, 2020. I'm Connor MacIvor local real estate agent in the Santa Clarita Valley - thanks for taking the time to watch NAR's 2019 modeling impact study - Which I'm a member of NAR - full and in good standing!
Each month, This Month in Real Estate provides expert opinion and analysis on real estate trends across North America. The aim of the consumer-oriented segments is to help Keller Williams Realty realtors combat the “doom and gloom” messages of the national print and television media with real information on the state of the real estate market.
2. 2
WarmlyYours
As an established leader in the radiant heating industry, WarmlyYours Radiant Heating issues its Q1 2015
Industry Report in order to serve as a resource to our business and trade partners. This report includes a
recap of industry news and WarmlyYours sales for the first quarter of 2015 as well as a look ahead at the
trends and growth expected for the rest of the year.
Remodeling Business Pulse (RBP) data, which an-
alyzes current and future remodeling business
conditions, the majority of contractors reported
that their current business conditions are better
than they were last year at this time.
Similarly, the National Association of Home Build-
ers (NAHB) reported a Remodeling Market Index
(RMI) of 57 in the first quarter of 2015. An RMI
above 50 indicates that more remodelers report
that market activity is higher when compared with
the prior quarter. This RMI averages ratings of cur-
rent remodeling activity with indicators of future
remodeling activity. The RMI was 59 in the North-
east, 54 in the Midwest, 56 in the South and 62 in
the West.
Although sluggish existing home sales, contin-
ued labor shortages and a severe winter threat-
ened the performance of the remodeling industry
during the first quarter of 2015, industry experts
are projecting slow and steady growth throughout
the remainder of the year.
According to the Leading Indicator of Remodel-
ing Activity (LIRA), healthy gains in residential re-
modeling activity are expected to decelerate in
the first half of the year, but they will gain traction
again by the end of the year. The LIRA estimates
that annual spending on home improvements will
increase 2.9 percent in 2015. “One of the larg-
est contributors to this dampening of remodeling
growth in 2015 is the sluggish existing home sales
activity last year,”
“Remodelers remain positive about the gradual
pace of market improvement
“said Chris Herbert, managing director of the Joint
Center for Housing Studies of Harvard University,
in a statement. “Housing turnover typically sparks
significant improvement spending as new own-
ers customize their recent purchases to fit their
needs and, with sales down last year, remodeling
will feel the effects this year.”
Remodeling Growth
Nevertheless, many remodelers are reporting
stronger growth compared with the first quarter
of 2014.
According to the National Association of the Re-
modeling Industry’s (NARI) first-quarter 2015
“Remodelers remain positive about the gradual
pace of market improvement, but that confidence
was tempered by a severe winter and continued
labor shortages,” said NAHB Remodelers Chair
Robert Criner, a remodeler from Newport News,
Va., in a statement. “Clients continued to call for
consultations for home remodeling jobs at the
beginning of 2015.”
Great Expectations
Furthermore, the majority (74 percent) of NARI
remodelers said they expect to see growth
next quarter. Only 8 percent expect business to
decline, and 17 percent predict sales to be
about the same as they were last year.
Radiant Heating Performance Mirrors Remodeling Market Growth
3. Consolidated gross sales of snow melting and
roof and gutter deicing systems grew 30 percent
during the quarter, led by roof and gutter deicing
systems, which grew nearly 350 percent in the
timeframe. These systems are expected to grow
even more significantly during the second and
third quarters, which are the prime seasons for
installing outdoor radiant heating solutions.
Other products that contributed significantly to
WarmlyYours’ growth include third-party integra-
tion kits, countertop heaters, mirror defoggers
and radiant panels. Third-party integration kits,
which enable WarmlyYours floor-heating systems
to work with smart thermostats like the Nest,
increased more than 3,000 percent in sales
compared with the prior-year period. Countertop
heaters grew more than 500 percent;
mirror defoggers grew more than 200 percent;
and radiant panels grew more than 60 percent.
At a time when many remodeling projects are on
hold, these small upgrades allow homeowners
to renovate their kitchens, bathrooms and other
rooms of the house without breaking into the
walls or floor.
Similarly, towel warmers are another bathroom
upgrade that improved during the first quarter.
Tom O’Grady, president of O’Grady Builders in
Drexel Hill, Pa., and chairman of NARI’s Strategic
Planning & Research Committee, noted that pent-
up demand from homeowners will drive steady
growth in the market.
“I see a large amount of interest in work based
on pent-up demand,” O’Grady said in a statement.
“I also hear the same thing from my fellow NARI
remodelers. We see this pent-up demand driving
the market for the foreseeable future.”
Radiant Heating Performance
Because radiant floor heating requires remodel-
ing, its performance is linked to the state of the
remodeling market.
Therefore, like the remodeling industry, Warm-
lyYours Radiant Heating experienced slow growth
in the first quarter of the year, with stronger
growth anticipated for the remainder of the year.
In line with industry data, as remodeling projects
increase, radiant floor heating purchases are ex-
pected to increase as well.
During the first quarter, much of WarmlyYours’
growth was attained as a result of this year’s
severe winter.
3
WarmlyYours
4. Sources:
1. http://www.jchs.harvard.edu/slowing-growth-home-renovations-
should-stabilize-year%E2%80%99s-end
2. http://www.nari.org/remodeling-continues-its-growth-driven-by-pent-
up-demand/
3. http://www.nahb.org/news_details.aspx?newsID=17231
TOP SELLING
FLOOR HEATING SYSTEM
TEMPZONE
88%
ENVIRON
12%
7% FLEX ROLL
5% EASY MAT
FLEX ROLL 76%
EASY MAT 5%
CABLE 5%
CUSTOM MAT 2%
Bathroom
Kitchen
Other
59%
7%
8.9%
2.8%
Bedroom
3.1%
Shower/Sauna
3.4%
Living Room
1.5%
Basement
2.2%
Sun Room
TOP SELLING ROOMS FOR FLOOR HEATING
TempZone™ Cable grew 93 percent during the
timeframe, compared with the prior-year period.
Trade professionals on the East Coast exercised
their buying power more than in other U.S. re-
gions. Sales in New York, New Jersey and Mary-
land all were up during the first quarter. In Canada,
sales in British Columbia outperformed other Ca-
nadian regions.
For more information about overall sales of Warm-
lyYours radiant heating products, view the info-
graphic below.
The entire segment grew nearly 10 percent, with
the Barcelona, Sierra and Riviera models selling
the best.
Growth among trade professionals
Furthermore, sales were particularly strong to
trade professionals during the first quarter of
2015. In the United States, sales to trade profes-
sionals grew 5.4 percent. The fastest-growing
product lines were snow-melting systems (82 per-
cent growth); underlayment (41.3 percent growth),
which includes WarmlyYours’ CeraZorb® synthetic
cork underlayment; and towel warmers (33 per-
cent growth). The most popular towel warmer was
the hardwired Sierra model, which features eight
bars and a polished stainless steel finish.
Within the floor-heating segment, U.S. trade pro-
fessionals increasingly purchased Environ™ Flex
Rolls and Easy Mats as well as TempZone™ Cable.
Purchases of Environ™ Flex Rolls and Easy Mats
grew more than 100 percent, and purchases of
4
WarmlyYours
5. FAR WEST
13%
ROCKY MOUNTAINS
5%
SOUTHWEST
4%
PLAINS
7%
GREAT LAKES
18%
SOUTHEAST
11%
MIDEAST
20%
NEW ENGLAND
6%
CANADA
15%
GEOGRAPHIC BREAKDOWN
BY REGION
TOP SELLING FLOORING TYPES
FOR FLOOR HEATING
TILE, MARBLE OR STONE 87.8%
3.8%ENGINEERED (FLOATING)
CARPET 2.3%
WOOD (NAILED) 1.4%
WOOD (GLUED) 1.3%
LAMINATE 1.2%
5
WarmlyYours
FASTEST-GROWING U.S.
METRO AREAS
NEW YORK46%
ST. LOUIS36%
CLEVELAND21%
DETROIT8%
PHILADELPHIA7%