Items Tagged with 'home improvement spending'

ARTICLES

  • Americans spent an average of $9,081 on home improvements in 2018 alone

    Fixing damage, defects or decay cited as top reason for spending money on improvements
    Digital marketplace HomeAdvisor indicates that consumer spending on home improvement projects has increased by 17% since last year. According to the company’s State of Home Spending Report, American homeowners are now spending more money on home improvements than home maintenance.
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  • Older homeowners are spending big on home improvements

    Harvard study says aging homeowners will drive this market
    Home improvement spending continues to trend upward, with the latest data from Harvard’s Joint Center for Housing Studies putting the aggregate total at a new high of $424 billion. The home improvement sector can thank the Baby Boomers for that, as research shows older homeowners are spending big on home renovations and aren't expected to slow down anytime soon.
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  • Homeowners expected to slow their roll on remodeling projects this year

    Harvard study says growth will slow for home improvement expenses in most cities
    Homeowners are still spending money on home improvement projects, but they’ll likely pull back in the year ahead. According to the latest projections from Harvard’s Joint Center for Housing Studies, growth in this category is expected to fall to the lowest rate in three years.
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  • Older homeowners are driving the home improvement market

    Harvard study says Baby Boomer spending on accessibility improvements will soar
    Armed with record amounts of home equity and an expressed desire to remain in their homes as they age, older homeowners are driving the home improvement market. A recent study by the Joint Center for Housing Studies at Harvard University revealed that households 55 and older account for half of all current home improvement spending. And, as Baby Boomers reach their 70s and 80s, researchers say their investments in home modifications to enhance accessibility will soar.
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