Housing affordability has declined significantly in recent years. The deterioration in price-to-income ratio has been a key factor, as home prices have risen 53% since 2019, while median household income has risen only 24%. This has notably decreased the share of first-time home buyers in the market, which dropped to 21% in 2025 from 44% in 1981. Over that same time frame, the median age for first-time buyers reached a record high of 40 in 2025 from 29 in 1981.
An aging housing stock, record levels of home equity and favorable demographics will create positive growth prospects for the remodeling sector in 2025, according to industry experts at a panel hosted by the National Association of Home Builders (NAHB) during the International Builders’ Show in Las Vegas.
Luxury bathrooms and kitchens have evolved, and the home improvement market is booming with IT-connected products. People want to control their heating, kitchen appliances, and plumbing products through apps.
Inspired by Studio 804’s mission and the chance to support rising architects, Duravit has been a loyal partner to the nonprofit since 2017, providing high-quality and sustainable bathroom fixtures that compliment the projects’ typically European aesthetic.
The National Association of Home Builders introduced its new edition of the ICC 700 National Green Building Standard at the 2013 International Builders' Show in Las Vegas.