Tag Archive | "2016"

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Coverings 2016 ‘Fabricator Day’ to be held April 20, Offers Free Admission

Posted on 15 March 2016 by cradmin

Coverings-2016-logo-copyCoverings 2016, a premier trade show for the stone and tile industry, is once again having its “Fabricator Day” at the upcoming show. The show, which runs from April 18 to 21 at McCormick Place in Chicago and is free to all registrants, will have Fabricator Day on Wednesday, April 20. Fabricator Day is a day of the show that provides enhanced learning opportunities, a round table lunch, networking, a happy hour and more. And this is in addition to a huge display of the latest fabrication machinery, tools and slab materials.

Coverings offers dozens of free educations sessions specifically for stone professionals led by experienced and knowledgeable industry experts. Attendees can refine their skills with free technical and information-rich conference sessions such as:

  • ANSI Dynamic Coefficient of Friction Test for Natural Stone Surfaces
  • Attracting More Designers to Your Showroom – How to Deliver CEU Courses
  • Exterior Wall Cladding: Making the Transition from Interior to Exteriors
  • Featured Session: Stone Trends 2016
  • Natural Stone Characteristics: Protection, Maintenance & Restoration
  • Restoration and Maintenance Standards – 2016 Updates to The Dimension Stone Design Manual
  • State of the Stone Industry – Promotion, Safety and More
  • Supplier and Buyer Guide: Creating International Standards for Importing and Exporting
  • The Stone Zone, in which the Stone Fabricators Alliance will host demonstrations and educational “how-to” sessions specifically designed for fabricators. Check out products that were “born in the SFA” – designed by fabricators for fabricators.
  • And many more! View the full conference program for more details.

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Wood’s Powr-Grip Offers Code for Free TISE Registration

Posted on 04 December 2015 by cradmin

Wood’s Powr-Grip, makers of a variety of lifting equipment, is offering free registration for the upcoming TISE show. TISE (The International Surface Event) is made up of three shows: StonExpo, Tile Expo and Surfaces. And, it is once again part of Design & Construction Week, so those registered for TISE also gain entrance to the Kitchen & Bath Industry Show (KBIS) and the NAHB’s International Builder Show (IBS). The events run concurrent from January 19 to 22 in Las Vegas. Click Here to register now for free. It is not clear how long this opportunity for free registration is open, so interested parties are urged to take advantage of it as soon as possible.

You may also be interested in this calendar listing explaining how to register for Coverings 2016 for free in April.

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Analysts Give Mixed Signals on Remodeling Outlook

Posted on 12 November 2015 by cradmin

Chart courtesy of the Remodeling Futures Program at the Joint Center for Housing Studies of Harvard University

Chart courtesy of the Remodeling Futures Program at the Joint Center for Housing Studies of Harvard University – Click To Enlarge

According to the firsthand accounts we’ve been hearing at CountertopResource.com since our last report, the state of the remodeling industry is incredibly positive. Both contractors and related subcontractors, including countertop fabricators and installers, are enjoying a steady increase in business and in profits. However, a few reports show that the boom may be slowing, and business owners may be facing new difficulties going into 2016.

NARI Says Growth Slowing

In early October, the National Association of the Remodeling Industry (NARI) released its industry analysis, Remodeling Business Pulse (RBP) for the third quarter of 2015. The RBP tracks current remodeling conditions and outlook, and it is professionally organized with data and research by the marketing firm Consumer Specialists.

The report revolves around a final rating that is supposed to be a conglomerate measure of the current conditions for remodelers. The rating is on a scale of one to nine, and a rating of five or higher indicates growth. The RBP rating for the third quarter 2015 was 6.03, which is a sure sign of fair growth. However, this is a decline from the second quarter rating of 6.48.

Breaking the report down into its individual components, declines were measured nearly across the board:

  • Inquiries declined 4.6 percent.
  • Requests for bids declined 4.0 percent.
  • Value of jobs declined by 4.6 percent.
  • Bid conversion remained unchanged.

The analysis provided by NARI states that the leading factor driving growth was postponed projects followed by an improvement in home prices.

“Our businesses are becoming stronger, and that is good, but not as fast as it once was. We are adjusting to slow sustainable growth and are less optimistic, more realistic about what the future will bring,” said David Merrick of the NARI Strategic Planning & Research Committee. “Our customers are being careful about budgeting and taking on bigger projects so leads may be down a little, but the leads we are getting are more focused and on target and budget oriented.”

The future outlook in the RBP showed a picture similar to the analysis of current conditions. The rating for the outlook dropped from 6.07 to 5.79. Fifty-three percent of respondents in the survey stated they see growth in the future while 15 percent they are predicting a decline in business.

Houzz Renovation Barometer Falls

Even though the Houzz Renovation Barometer for quarter three has declined from the previous quarter, the company states that confidence remains high among home renovators. The analysis is broken into six categories: architects, designers, general contractors (GCs) and remodelers, designers-builders, specialty builders-renovators and specialty landscapers.

According to the report, industry optimism by GCs & remodelers fell six points from 78 to 72 even though Houzz predicted only a one-point decline in the last Renovation Barometer. Specialty builders-renovators saw a drop of four points from 77 to 73, but Houzz predicted the category would rise two points to 79.

Even though these drops are quite significant, Houzz focused on the positive aspects of the report. The following stats reflect the year-to-year numbers:

  • New business inquiries increased from 63 to 74
  • Number of new projects increased from 66 to 74
  • Size of new projects increased from 60 to 69

All of these indicators of new business growth fell on a quarter-to-quarter basis, but this may be attributed to the annual winter slowdown.

LIRA Predicts Rise in Remodeling Spending

In October, the Leading Indicator of Remodeling Activity (LIRA) was published by the Remodeling Futures Program at the Joint Center for Housing Studies of Harvard University. LIRA was developed to estimate national spending on home improvements for the current and three subsequent quarters.

According to the third-quarter report, home-improvement spending will fall from $149.4 billion in the third quarter to $148.3 billion in the fourth and $146.9 billion in the first quarter of 2016. However, by the second quarter of 2016, spending is expected to rise to $154.5 billion, which is an increase of 6.8 percent.

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