With the nation’s economy on sound footing and incomes on the rise, the number of people forming households in the United States has finally returned to a more normal pace. Housing production, however, has not.
Annual gains in homeowner spending on improvements are expected to moderate across more than half of the nation’s largest metropolitan areas in 2019, according to new projections released today by the Remodeling Futures Program at the Joint Center for Housing Studies of Harvard University.
The home remodeling market in the US expanded by more than 50 percent since the end of the Great Recession, according to Improving America’s Housing 2019, a new report from the Harvard Joint Center for Housing Studies.
Allan Merrill, President and CEO of Atlanta-based Beazer Homes, is the new chair of The Policy Advisory Board (PAB) of the Harvard Joint Center for Housing Studies. Merrill’s tenure began earlier this month when the PAB held its winter meeting in Washington, DC.
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