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2019 Market Trends for Contractors

2019 Market Trends for Contractors

May 21, 2019

Long Island homeowners are increasing investments in their homes. In fact, 65 percent of homeowners plan to make at least one home improvement in the next year – offering local Long Island contractors and remodelers opportunities to grow their business.  Distinct Building Supply works with Long Island contractors, remodelers, and home improvement companies by supplying them with polyurethane crown moldings, faux wall panels, balustrades, and more home improvement supplies.

Kitchen and Exterior Improvements Are Increasing On Long Island

At first glance at the latest Zillow report, the home improvement market is continuing to find new opportunities despite a slight decrease in projects planned.  But although homeowners plan to take on fewer projects, they plan to spend more money on the ones they decide to take on.

2019 Market Trends for Contractors | Long Island building supplypolyurethane, market opportunity for contractors, faux

Chart via Zillow Group Consumer Housing Trends Report 2018

While the numbers may seem bleak initially, local contractors in Nassau and Suffolk County could actually see a boost from the trends projected in the report. The few home improvement projects expected to grow the most are heavily outsourced projects – meaning contractors may have more work in the pipeline. Trust only Long Island building supply products when it comes to home improvements project supplies.

Kitchen improvements will increase by 2 percent compared from last year. While this difference is small, the total amount spent is increasing as well. According to the 2018 Houzz report, the median amount spent on kitchen improvements increased by 10 percent in 2017 and will continue to increase.

Exterior projects also offer contractors opportunities in the upcoming year. The Zillow report points to a 4 percent increase in exterior home painting in the next 12 months. In addition to a fresh coat of paint, Houzz reports that homeowners also want to boost curb appeal with new entryways and porches. Specifically, 21 percent of homeowners plan to improve their exterior doors and 12 percent want to add a porch or balcony.

While homeowners can easily spruce up their entryways with Distinct polyurethane crown moldings, Window / Door trims, building outdoor using faux wall panels and balustrades may need local Long Island contractors to help.

Homeowners Rely on Long Island Contractors

Year over year, Long Island homeowners are using local contractors and remodelers for their home improvement projects. In fact, Houzz reported that 88% of home projects are completed with professional help.  Dis

For homeowners, finding time is the biggest challenge.  That's why Distinct works with professional contractors, lumber yards, home improvement companies in Suffolk County, Nassau County, throughout all of Long Island. Don't forget to take a look at our products.

Learn more by contacting us today!

Assisted by Octopi Digital, Long Island Digital Marketing



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