Home Renovation Interest Continues with Bolder Color Choices and Severe Weather Concerns, an Annual Survey of U.S. Homeowners Reveals

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Dec 15, 2022, 14:51 ET

James Hardie's year-end homeowner survey shows that homeowners continue to drive home renovation demand and lead the way with bolder color choices

From protection against severe weather to simply needing a fresh look, James Hardie annual homeowner survey reveals key drivers of renovation choices

CHICAGO, Dec. 15, 2022 /PRNewswire/ -- James Hardie Building Products Inc. (James Hardie), the North American leader in fiber cement home siding and exterior design solutions, announces the results of its annual nationwide homeowner survey, revealing the year's renovation demand, exterior design trends, and the ongoing impact of severe weather events.

Findings from annual homeowner survey from James Hardie

Conducted by Wakefield Research, the survey revealed clear demographic trend lines amongst U.S. homeowners–with younger generations outspending their older counterparts and preferring bold color choices. However, across the board, homeowners say their home's exterior really needs a facelift and that severe weather concerns are factoring into their spending.

Weathering the Storm: Homeowners are proactively prepping their home's exterior for extreme weather events

Most homeowners (58%) say they or someone they know has had to repair or renovate a home because of an extreme weather event, up from 47% in 2021. Sensing the urgency of the situation, 85% say it is better to act sooner rather than later to improve their home's exteriors. In fact, more than 2 in 3 (68%) homeowners will likely take action to update their home and protect against weather events in the next year.

"When it comes to severe weather protection, fiber cement siding by James Hardie is the best choice because it is a durable, long-lasting and low-maintenance material that helps protect against fire, moisture, pests and more. No fiber cement is the same and James Hardie's formulation includes proprietary additives that enhance the product performance, providing substantial protection." said Jamal Saghir, Director of Products at James Hardie.

As was the case with home style preferences, there are regional nuances. Those in the South (39%) and West (37%) were more likely to know someone who has had to repair or renovate a home because of an extreme weather event than those in the Midwest (24%) or Northeast (23%). That may be one of the reasons why 24% of those in the West are extremely likely to update their home to protect against a weather event in the next year, compared to 13% in the Midwest.

Saghir added, "The impact of climate change and severe weather on home design is something we have been closely watching for several years now. Homeowners are looking to protect their homes and their families inside those homes. At James Hardie, our products are Engineered for Climate^® to provide trusted protection. Fiber cement siding is noncombustible and helps protect homes against extreme weather, such as flooding, wind, and fire. We have seen a marked increase in our consumers choosing Hardie^® siding with the goal of helping protect their homes from the elements."

Exterior Style and Color: When it comes to standing out on the block, homeowners have the blues.

According to this year's survey results, the future of U.S. neighborhoods looks quite colorful. Dark blue (46%) is the most popular choice for homeowners when it comes to bold colors when picking their top three, followed by gray (45%), dark green (39%) and light blue (39%). It's a personal choice, as more than 4 in 5 (82%) homeowners say the look and design of their home is an opportunity to express themselves.

"Color is one of the first things you notice about a home—and everyone wants low-maintenance colors that last. That's why Hardie^® siding with our proprietary, long-lasting ColorPlus^® Technology finish, is the top choice for siding and exterior design," said Jamal Saghir, Director of Products at James Hardie.

Hardie^® products are made with ColorPlus^® Technology finishes that come in more than 700 colors and are baked onto the board to create a vibrant, consistent finish that is engineered to reduce fade or discoloration from UV rays, with a 15-year limited warranty.

"With the recent launch of our Magnolia Home | James Hardie Collection, we have sought to make it easier than ever for homeowners to transform and personalize their home's exterior. Curated by Joanna Gaines, the Collection features a palette of beautiful, earthy colors and a variety of siding products, including classic plank, shingle, and board-and-batten styles," said Saghir.

To learn more about the trusted protection and endless design possibilities of Hardie^® siding visit JamesHardie.com.

Source: The James Hardie Survey was conducted by Wakefield Research among 1,000 nationally representative U.S. homeowners of single family or multi-family homes between October 13 and October 18, 2022.

James Hardie Building Products Inc.

James Hardie is the North American leader in fiber cement home siding and exterior design solutions. Hardie^® products offer long lasting beauty and endless design possibilities with trusted protection and low maintenance. As the #1 producer and marketer of high-performance fiber cement building solutions, James Hardie offers siding and accessories for every style. Hardie^® products are non-combustible and stand up to weather and time while empowering homeowners and building professionals to achieve the home of their dreams. James Hardie operates with an inclusive company culture, and an unwavering commitment to Zero Harm. The company proudly employs a diverse workforce of over 3,000 employees across operations in North America.

For more information and media resources, visit JamesHardie.com and JamesHardie.com/about-us/media-resources./about-us/media-resources. For investor information, please visit ir.jameshardie.com.au.

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SOURCE James Hardie Industries