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.
Annual gains in improvement and repair spending on the owner-occupied housing stock are projected to continue decelerating through early next year,
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