According to Angi's 2023 State of Home Spending report, Americans spent thousands of dollars on home projects this year, with many homeowners choosing to spend more on improvements rather than moving due to elevated housing costs and high mortgage rates.
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Nearly $600 Billion Reported in Home Improvements in 2021
An analysis by Angi finds that homeowners in lockdown during the pandemic invested billions into home improvements as the value of homeownership grew during the past year.
Read More »More Millennials Investing in Home Renovations
Low inventory and tight supply have forced many into home purchases requiring more work than initially anticipated.
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