Signals: What We're Tracking
Remodeling has surpassed new single-family construction spending for the fifth straight quarter. NAHB calls out Q4 2025 remodeling activity at $280.1 billion and is now publishing state-level projections quarterly for the first time. For builders running custom, spec, and renovation work, the local data is worth bookmarking.
Redfin is rolling out a property-level "Sun Score" that rates how much natural light a home receives on a 0-100 scale. The launch follows new research showing 44% of Americans would choose a smaller home with more sunlight over a larger home with less. Read more on the new metric→
Heard!
"[Blackstone] is poised to be a leader in terms of scale due to the institutional backing behind it."
—Realtor.com senior economist Joel Berner on Blackstone's new lending platform aimed at financing construction of up to 50,000 for-sale homes annually, which comes on the heels of criticism surrounding the company's build-to-rent portfolio. More on the news here→
In Spain, 2026 is coming out as the year of Antoni Gaudi. While headlines have focused on the latest milestone at Sagrada Familia (adding the final piece to the central tower of the church), another project may resonate more: the newly unveiled third floor of Casa Batlló, the famed apartment building Gaudi designed, following an "archeological restoration." See the restoration tour→