More than 55,000 attendees packed the halls of the Las Vegas Convention Center in January for this year’s International Builders’ Show (IBS) and Kitchen & Bath Industry Show (KBIS). Some came to network with peers; others wanted to learn about housing trends or techniques. But the real draw was the acres of new, innovative products on display. Across IBS, KBIS, and the three other shows that comprised Design and Construction Week events, more than 3,700 product representatives showcased their offerings.
Exhibitors were trying to answer a question that’s quite literally worth billions of dollars: What do homeowners want? According to recent market research, there should be plenty of new construction this year—which will require state-of-the-art products to match. During a panel at IBS on the future of U.S. housing starts, the National Association of Home Builders’ chief economist, David Crowe, said the single-family housing market should expect a “robust” increase of 26%, or 800,000 starts, in 2015.
Likewise, existing homes should see a boost in remodels. According to the Residential Remodeling Index, a study performed by ProSales’ sister company Metrostudy, the amount of big-ticket remodeling projects in every U.S. market should increase on average by 4% in 2015. By July, remodelers should be doing as much business as they were before the recession hit.
With the flurry of new business, it’s safe to assume that builders and remodelers will be in the market for lots of lumber. But they’ll also need windows and doors, roofing products, and energy code-compliant building materials. Read on for a taste of some of the latest products that will be entering the supply chain over the next few months.