Posts Tagged ‘ interest rates ’

Dealer Financing May Be Just the Right Catalyst for Sales Goals in the New Year

Feb 1st, 2024

Well one thing is for certain: With pandemic-infused, “off the charts” demand behind us from recent years, the door and window business is back to business cycles marked by seasonality. So, December and January were two slower months, as usual. On top of that, we are headed into an election year. Therefore, many homeowners like […]

What Should I Do With All This Uncertainty

Jan 10th, 2024

The back half of 2023 was certainly exciting. Though I’m not sure if exciting is the right word to use. With a government shutdown looming yet again, the stock market finishing on a high note for the year, interest rates expected to come down this year, and conflict around the world (just to name a […]

As Remodeling Wanes Home Building Is Expected to Pick Up

Dec 13th, 2023

Experts say the housing recession that dogged new home production from the second quarter of 2020 through the end of 2022 is over. But the scars of higher home prices and mortgage rates have left millennials with a bad taste in their mouth. That’s according to a survey conducted by Redfin Corp., a Seattle-based residential […]

Amid High Rates and Softer Housing, Industry Execs Show Confidence

Aug 28th, 2023

Chief executives for four leading door, window and hardware companies remain optimistic about demand for their companies’ products, despite what some describe as a “weak” housing market and sentiments about a possible economic slowdown. New home starts increased in July after declining in June, despite increases to interest rates that brought mortgage rates near a […]

NAHB/Wells Fargo HMI Shows Builders “Cautiously Optimistic”

Mar 20th, 2023

High construction costs and elevated interest rates continue to hamper housing affordability, but March had builders showing a “cautious optimism,” as demand shifts to the new home market. Builder confidence in the market for newly built single-family homes in March rose two points to 44, according to the most recent National Association of Home Builders […]

Builders Return from IBS to a Tepid Market

Feb 6th, 2023

February opened on a week of mixed feelings for attendees of the National Association of Home Builders’ (NAHB) International Builders Show (IBS). With more than 110,000 professionals cross pollenating between IBS and the Kitchen & Bath Industry Show, the scene was busy and jubilant—marking Design & Construction Week’s largest attendance ever. “I’ve been to more […]

Don’t Panic With This Slowdown but Prepare for the Next Surge

Jan 19th, 2023

I just had dinner with a customer who was eager to talk about the state of the economy. “What is happening to business?” he asked. “I have not seen it this slow in some time! What is going on? We need to discuss the state of the economy and what I need to do to […]

The Forecast for 2023? A 50/50 Chance of Pane

Jan 5th, 2023

Forecasts are tough. Don’t you just love it when the weatherman calls for a 50% chance of rain? How can he be right? How can he be wrong? So, let’s talk about the forecast for the door and window industry. Overall, 2022 proved to be a very good year with most door and window fabricators […]

Challenges Await the Fenestration Industry in 2023

Dec 8th, 2022

In talking to my customers, business in November is just like any other November. In other words, it has been very busy up until Thanksgiving, but since the turkey was cooked it’s been more like “Tanksgiving.” During the past two years, business was not seeing the normal holiday slowdown as door and window manufacturers were […]

Confidence in Single-Family Housing Contraction Continues in October

Nov 21st, 2022

The National Association of Home Builders (NAHB) points to continued elevated interest rates, high building material costs and declining affordability conditions pushing buyers to the sidelines as the source of the continued drag on builder sentiment. NAHB recorded the lowest confidence reading since June 2012 with the exception of the onset of the pandemic in […]