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Downturn in Home Remodeling May Bottom Out in 2024

Abbe Will • January 18, 2024

Spending for residential improvements and repairs is expected to shrink this year for the first time since 2010, but signs point to some easing of declines by year’s end,…
Blog

Further Softening Expected for Homeowner Remodeling

Abbe Will • July 20, 2023

Annual expenditures for improvements and repairs to owner-occupied homes are expected to decline at an accelerating rate through the first half of 2024, according to our…
Blog

Home Remodeling Market Projected to Contract by 2024

Abbe Will • April 20, 2023

After more than a decade of continuous growth, annual spending on improvements and repairs to owner-occupied homes is expected to decline by early next year, according to our…
Reports

Improving America's Housing 2023

Harvard Joint Center for Housing Studies • March 23, 2023

Sparked by pandemic-induced changes in household routines and use of living space, home improvement and repair spending soared to new heights in 2022, reaching an estimated $…