Home Innovation’s 2018 Builder Practices Survey continues to reveal many new trends (and trend reversals). We touched on the interesting changes underway in the housing mix in the last Trends post. Our ongoing dive into the Annual Builder Practices Survey data has pointed to other fascinating market shifts, as well.
For example, the vinyl siding market in 2017 showed signs of rebound after many years of declining popularity—up from 16% to 21% in the past year. This could be either a response to an ever-tightening construction labor market, or the fruits of an industry working to re-invent itself with a more attractive and energy-efficient product.
Source: Home Innovation's Annual Builder Practices Survey
But a house is not built of siding alone. Other interesting findings from this year’s survey include:
We’re still just scratching the surface of our product trend discovery. Look for our next post here in the coming days.
Home Innovation publishes Builder Practices Reports on more than 40 building products categories.
If you’d like more detailed information on any of our reports or our survey methodology, contact Ed Hudson, our director of market research. He’d be happy to discuss how we can help you keep apprised of building industry trends and opportunities using our Builder Practices Reports.