April Fool’s Day was filled with facts… no joking matter, but we shared a few laughs early on in the night. Special thanks goes to our dinner meeting sponsor, Audio Concepts, who filled our evening with great music and interesting technology tips and trivia!
Early arrivals got a chance, before dinner from 5-6PM, to earn a CEU toward their CSL renewal. Audio Concepts sponsored a course on Residential Lighting Control by LUTRON with information on how to plan for lighting needs that enhance energy efficiency and client comfort.
For the main event at April’s EM NARI Dinner Meeting, the hot topic was the 2015 Remodeling Industry Forecast with Kermit Baker of Harvard University’s Joint Center for Housing Studies. At the start of the presentation, Baker jumped right into the numbers. The industry as a whole looks different since the recession. We are all working in a very different segment since 2006. However, home improvement spending is expected to increase in 2015 and be fully recovered by the end of the year. Better times are coming people!
Here are a few things you’ll see happening in the biz this year:
Changing household demographics
Structure of industry and labor trends
Workers under 35 in 2007 = 42.9%.
Workers under 35 in 2013 = 34.8%
Capital spending on apartment units on the rise
Home prices continue to recover (having gained back 60% of their losses…this seems promising). The market has clearly gained acceleration this year (having gained a mid-single growth % nationally). In 2013, nearly $300 billion was put back into the remodeling market. With these numbers I think it is safe to say, the market is nearly recovered. The forecast gave us some inspiration and motivation with a vision for a strong home improvement market here in Greater Boston for 2015! Now let’s start remodeling!
To obtain a copy of the full presentation slides, email us at firstname.lastname@example.org.