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The Rise of Healthier Homes and More From Harvard s Latest Remodeling Report

The Rise of Healthier Homes and More From Harvard s Latest Remodeling Report Abbe Will of The Joint Center for Housing Studies of Harvard University walks veteran journalist John Caulfied through the findings, revealing trends in spending, healthy living, and more.  John Caulfield | April 19, 2021 In a conversation with PR contributing editor John Caulfield, Abbe Will from the Joint Center for Housing Studies of Harvard University discussing the Center s 2021 Improving America s Housing report on remodeling. In reviewing the findings, Will discusses spending trends and how they re ebbing up, the market s demand backlog, the growing importance of health, and an array of new demographic trends, including who s doing the spending now and who will be tomorrow. Will walks veteran journalist John Caulfied through the findings, revealing trends in spending, healthy living, and more. 

Remodeling Market to Strengthen Through Next Year

April 16, 2021 Continue Reading Home improvement and repair spending will continue at a healthy pace through 2021 and into the following year, according to the Joint Center for Housing Studies of Harvard University (JCHS). By the first quarter of 2022, JCHS predicts a 4.8% growth in renovation and repair spending. Stimulus payments and home price appreciation are incentivizing homeowners to invest in their homes, a trend that moves past just DIY projects. Homeowners who opted out of professional work due to health concerns are returning, which will bring remodeling expenditures to $370 billion by early 2022. The Leading Indicator of Remodeling Activity (LIRA) provides a short-term outlook of national home improvement and repair spending to owner-occupied homes. The indicator, measured as an annual rate-of-change of its components, is designed to project the annual rate of change in spending for the current quarter and subsequent four quarters, and is intended to help identi

When Wall Street Controls the Housing Market

When Wall Street Controls the Housing Market
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