America’s leading builders have done a great job of educating homeowners about energy efficiency ratings like the Energy Rating Index (ERI) and the Home Energy Rating System (HERS). The latter just reached an important milestone: there are now more than 2 million HERS-rated homes in the U.S.
“New homes today have an average HERS score of 62 compared to a typical HERS score of 130 for homes built prior to 2000,” says Steve Baden, executive director of RESNET, the nonprofit organization that oversees the HERS Index. “That means that they’re 68% more energy-efficient than the average existing home.”
Both HERS and ERI are “how low can you go?” rating systems. The lower the score, the higher the energy efficiency. One way to lower those scores is to install products like LP® TechShield® Radiant Barrier Sheathing above the attic. Numerous studies have shown that adding radiant barrier sheathing can lower a home’s HERS or ERI score by up to three points.
Although there’s nationwide interest in energy efficiency ratings, most HERS-rated homes are in Sunbelt states. “Texas, Arizona, Florida and North Carolina have the highest numbers mainly because they’re leading the nation in new single-family construction,” says Baden.
Baden feels that HERS scores will continue to plummet, possibly reaching the 50s in just a few years. “When a home is that energy-efficient, it’s a persuasive selling point for builders,” he says.
Big builder market share has doubled in the last 25 years and now represents about 50 percent of housing starts nationwide – and even 75 percent in some major metro areas. These mega-builders have huge budgets for both land development and marketing. It’s increasingly difficult for small and medium-sized builders to compete, but LP is committed to helping them prosper.Continue Reading
GoBankRates.com estimates that the average tax refund this year will total about $3,000. In a survey conducted by that organization, 10 percent of respondents said they plan to splurge on a vacation or luxury item when the refund arrives. But 9 percent plan to use that money for a “major purchase.”
To better serve its customers in areas of order accuracy and delivery predictability, LP has set some of the industry’s most aspirational supply chain goals. Senior leaders meet regularly with experts at Gartner, arguably the nation’s best consulting firm in the realm of supply chain optimization. The aim is to apply best practices in procurement, logistics and working capital across more than $1 billion of addressable spend.
Move aside, Old Man Winter—it’s officially springtime. Could your home’s exterior use some sprucing up before you’re officially ready to soak up the sun? This spring cleaning season, make sure you’re showing some TLC to both the interior and exterior of your home.