(Published on - 7/18/2017 7:02:13 PM)
What's the economic forecast for Home Renovations in the US?
From the Joint Center for Housing Studies of Harvard University, their report profiles the national home improvement and repair spending forecast through 2025.
Home improvement spending is projected to strengthen. Environmental awareness and energy efficient upgrades continue to grow and create demand among buyers and will continue to be the fasted-growing market segment.
55+ homeowners will continue to dominate the remodeling market. Their renovation expenditures are expected to account for more than three quarters of the market growth over the next decade.
Spending will increase in the country's largest metro areas.
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thanks to Academy Mortgage for their "Outlook for Home Renovation" input.