According to new data from Verisk, the cost of home repairs and remodeling in Q3 2023 jumped year-over-year, as the costs of materials used in home repairs continue to rise.
Read More »Residential Remodeling Activity to Get a Reboot Next Year?
While unwarranted repairs remain a hassle for many homeowners, annual spending for improvements and restorations to owner-occupied homes is expected to shift in the coming year, according to a new report from the Joint Center for Housing Studies. Here are the factors in play.
Read More »Positive Effects of Remodeling Outdoor Features
Boosting curb appeal is a benefit to homeowners’ pocketbooks and well-being. A new study breaks down the data.
Read More »Experts Predict Home Improvement Spending to Decline by 2024
Harvard's Joint Center for Housing Studies released its Leading Indicator of Remodeling Activity report, which projects that year-over-year expenditures for homeowner improvements and repairs will experience a near 3% decline through Q1 2024.
Read More »Confidence in Remodeling Market Wanes
The National Association of Home Builders (NAHB) released its latest Remodeling Market Index which covers the second quarter of 2022. As of this quarter, confidence has declined 10 ...
Read More »Weatherproofing Projects Lead Millennials Renovation Decisions
A new survey by one of the leading producers of fiber reinforced cement shows that homeowners are taking severe weather threats seriously and is a driving force on which projects they take up ...
Read More »The Remodeling Industry’s Shifts in Specialization, Scale
While "still extremely fragmented," the home improvement business has seen "growing levels of concentration," say research fellows at Harvard's JCHS.
Read More »New Homeowners Surprised by Unexpected Costs
If the sticker shock of a new home isn’t jarring alone, an analysis of home projects has found that a typical home can require an additional $30K on top of the sale.
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.
Read More »Pandemic Spurs Rise in Home Remodeling
As more time is spent at home, homeowners have turned to exterior home renovations, including secondary structures, solar panels, decking, and pools.
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