The commonest sources for merchandise utilized in residence constructing and reworking are specialty retailers, lumber yards, and wholesale distributors, in line with two latest NAHB surveys. The surveys embrace one in every of single-family homebuilders within the October 2024 NAHB/Wells Fargo Housing Market Index (HMI) and one in every of remodelers within the Q3 2024 NAHB/Westlake Royal Reworking Market Index (RMI). Each surveys requested respondents the place they buy constructing merchandise, no matter who finally purchases them (themselves or subcontractors)
When averaging throughout 24 constructing product classes, the highest three main channels of distribution are roughly the identical for each builders and remodelers. Specialty retailers, lumber yards, and wholesale distributors collectively account for round 70% of constructing product purchases.
When analyzing the particular merchandise bought at lumber yards, the highest merchandise bought by each builders and remodelers had been primary lumber merchandise together with plywood & OSB, sawn lumber, and engineered lumber & I-joists.
One main distinction between builders and remodelers was the share of those that buy merchandise from residence enchancment facilities. Remodelers are 3 times as seemingly to purchase merchandise at this channel of distribution in comparison with builders. However, one particular product class, hand & energy instruments, is bought at residence enchancment facilities by a majority of each remodelers (68%) and builders (56%). Of those who do buy hand & energy instruments at residence enchancment facilities, 11% of remodelers bought at the least one different product there in comparison with 3% of builders.
A subsequent put up on who’s most frequently chargeable for selecting these merchandise will come later. Please click on right here to be redirected to the complete report.
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