Looking back, 2018 will be seen as a turning point for the housing industry. Last year, we saw continued growth in remodeling and maintenance activity amid growing affordability challenges. Hurricanes intensified, while wildfires breached increasingly populated areas. These disasters led to increased catastrophe claims and even more demand for construction on new and existing structures. Meanwhile, tariffs put additional pressures on labor and materials costs, which also climbed upward last year.
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