Print
EmailHome Improvement Spending Jumps
Despite the much-ballyhooed do-it-yourself boom, the amount of money homeowners spent on improvements done professionally has jumped nearly as much since the mid-'90s. Remodeling Homes for Changing Households by the Joint Center for Housing Studies of Harvard University reports a 22% increase in expenditures for professionally completed projects compared with 24.8% for DIY. The biggest two-year increase for professional replacement expenditures was the most recent ù 29.7% from 1996-97 to 1998-99 ù while the biggest rise in spending on discretionary projects occurred from 1994-95 to 1996-97, a 12% jump.
Also See:
More like this
- Americans Less Likely to Spend on Home Improvement When Home Prices are Low
- Report: Remodeling spending will rise significantly in first half of 2011
- Lumber Prices Jump Maximum Amount After U.S. Housing Starts Gains Announced
- Private residential construction spending declines
- Census Bureau: U.S. construction spending on the rise
RELATED ARTICLES
After years in the wilderness, big builders are once again hot properties among investors. The overall numbers from this year’s Housing Giants help explain why.
Our list of the top U.S. home builders sorted by 2012 residential construction revenue.
18 contractors who were recognized also share a strong dedication to growing and advancing the roofing industry through results-oriented approaches and sustainable...
Search Our Buyer's Guide
Reference Library
Professional Remodeler’s annual Market Leaders list, which identifies the top...
With demand for custom design, remodeling, and renovations at its highest level since 2005, ...
Normandy Remodeling converts confined kitchen into sprawling galley.
Each year, the National Kitchen and Bath Association surveys its members to identify the latest...
Each year, the National Kitchen and Bath Association surveys its members to identify the latest...
