Remodeling Market Growth and The Impact of Generations

REMODELING MARKET GROWTH AND THE IMPACT OF GENERATIONS

The biennial Improving America’s Housing Report is a study prepared by the Remodeling Futures Program of Harvard University’s Joint Center for Housing Studies. This assesses where the remodeling industry is headed and what the current market trends are.

REMODELING MARKET GROWTH AND THE IMPACT OF GENERATIONS

The Generation Impact

According to the report, generations in households resulted in different home improvement priorities. Baby boomers who are approaching their retirement years are more active when it comes to projects like window replacement in Atlanta. They accounted for almost half of all home improvement spending on a national scale back in 2013.

Millennials made up only a small share of the market. Common causes of slow home buying growth included student loans, state of employment, and mortgage fees. The study suggested, however, that millennials will be more engaged in the housing market by 2025.

Gen-X homeowners also contributed largely on the remodeling market. Based on the study, leading Gen-X homeowners accounted for 20.9% of the market share, while trailing gen-X homeowners accounted for 13.4% shares.

Opportunities for Remodeling Growth

Based on the America’s Housing Report, sustainable projects like replacement windows in Atlanta are on the upswing. Around 20% of the participants reported that energy efficiency was on their list of home improvement projects.

Renewal by Andersen® of Atlanta values sustainability by using smart materials. We use High-Performance™ Low-E4® glass to ensure energy savings. It can lower heating and cooling bills, reduce glare, and protect against damaging UV rays.

Our Fibrex® frames also contribute to our windows’ insulating properties. This composite material has thermal performance on par with wood. It will not expand or contract when exposed to different temperatures, ensuring long-lasting performance.

We are a window replacement contractor in Atlanta you can rely on for high-quality windows. We have helped homeowners of all ages build greener homes through energy-efficient windows and patio doors. We also offer after-care through strong warranties that cover frame, glass, and installation.

Call us today at (866) 609-5033 to learn more about our products and services. You can also fill out our contact form to schedule a free in-home consultation.

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