Americans Spent Record $567 Billion to Fix Their Homes Last Year
Homes in the U.S. are older than ever and need of critical repairs and maintenance, according to a Harvard study.
Source: investopedia.com
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Harvard Predicts Remodeling Growth Slowdown in 2023
The Joint Center for Housing Studies of Harvard University foresees a remodeling growth cooldown for the first half of next year
Source: proremodeler.com
Home renovation lending demand may get temporary boost from inflation
New-home borrowers eyeing things like rising commuting costs could add at-home amenities instead so long as they remain relatively affordable, one take on a National Association of Home Builders report suggests.
Source: nationalmortgagenews.com
Building Boom While Pandemic Looms
Demand for home improvement grew during the pandemic despite inflation, worker shortages and supply chain issues
Source: bendsource.com
Home improvements, repairs spending could peak in 2022
Growth in spending on home improvements and repairs is expected to peak in 2022 with expenditures up 20% year-over-year.
Source: usatoday.com