Page 11 - Futures Program News Today

Expenditures for improvements and repairs to the owner-occupied housing stock are expected to grow throughout 2022 and into early next year, but at a decelerating pace.

It’s all about the energy bills.

Demand for home improvement grew during the pandemic despite inflation, worker shortages and supply chain issues

While the intensely competitive market has deterred some from looking for a place to move to, rising valuations allow for more funds to be accessed to pay for repairs.

A recent study by the Harvard Joint Center for Housing Studies projects spending on home improvements will rise between 7.6% and 23% in 2022.

Todays top stories from USA TODAY Money.

Growth in spending on home improvements and repairs is expected to peak in 2022 with expenditures up 20% year-over-year.

Spending on residential remodeling is expected to grow 13.8% across the country’s 48 most populous metropolitan areas. | RealEstate.Boston.com

Led by renovations in certain southern and western U.S. cities, expenditures for improvements to the owner-occupied housing stock are expected to increase at a faster pace in most of the nation’s largest metropolitan areas this year, according to projections by the Remodeling Futures Program at the Joint Center for Housing Studies of Harvard University.

Led by renovations in certain southern and western U.S. cities, expenditures for improvements to the owner-occupied housing stock are expected to increase at a faster pace in most of the nation’s largest metropolitan areas this year, according to projections by the Remodeling Futures Program at the Joint Center for Housing Studies of Harvard University.