Tough Real Estate Market Expected to Cool Home Remodeling
High interest rates and low numbers of home sales are going to drag down homeowners’ spending on renovations and repairs, Harvard University researchers said Thursday.
High interest rates and low numbers of home sales are going to drag down homeowners’ spending on renovations and repairs, Harvard University researchers said Thursday.
Two hot new trends in real estate – designing and buying a custom home sight-unseen, and having your home renovations paid for by someone else – could become forces in 2023’s housing market.
Expect the growth of homeowners’ spending on remodeling to slow significantly over the next six months, housing researchers say, as economic uncertainty slows and a pandemic-induced sugar high wears off.
Homeowners are poised to continue spending more on home improvement and maintenance projects through mid-2022, a new report from Harvard University housing researchers says.
According to a survey by the National Association of Home Builders, the pandemic all but shut down remodeling. But with inventory low due to the pandemic, could stuck homeowners start eyeing projects?
Annual gains in improvement and repair spending on the owner-occupied housing stock are projected to continue decelerating through early next year nationwide, according to researchers at Harvard University.
The coming year is expected to be another robust one for residential renovations, according to Harvard University’s Joint Center for Housing Studies.
Nationwide spending on residential remodeling is expected to continue to increase through the third quarter of 2018, according to the Leading Indicator of Remodeling Activity (LIRA) released today by the Remodeling Futures Program at the Joint Center for Housing Studies of Harvard University.
Homeowner spending on remodeling is expected to see healthy growth through 2025, according to a biennial report released today by the Harvard Joint Center for Housing Studies.
The coming year is expected to see sustained momentum in home remodeling and repair spending, according to the Leading Indicator of Remodeling Activity (LIRA) released today by the Remodeling Futures Program at the Joint Center for Housing Studies of Harvard University.