Lowe’s and Home Depot say people are putting off home …

Aug 20, 2024 · Between high interest rates, inflation and economic uncertainty, homeowners are taking a pause on big projects, CEOs say Published: Aug. 20, 2024 at 4:18 p.m. ET Share

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Home Renovation Statistics And Trends: Our 2024 Report - USA …

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Aug 19, 2024 · Homeowners spent $463 billion on home renovations in the first quarter of 2024 — projections indicate that home renovation spending will continue to decline by $12 billion in the …

usatoday.com

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Spending On Home Renovations Slows, But High Remodeling Costs …

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May 10, 2024 · Spending on home remodeling was down 1.2% in the first quarter from a year earlier — the first annual decline in more than a decade. Historically, annual growth in home …

apnews.com

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As Core Inflation Eases, It’s Time To Consider A Home Renovation

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Aug 11, 2023 · Research from the Harvard Joint Center for Housing Studies found that home-equity lines of credit are used for about 25% of projects that cost $50,000 or more, versus …

mansionglobal.com

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Inflation’s Impact On Home Improvement Projects - Forbes

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Oct 3, 2024 · According to the most recent Consumer Price Index from the U.S. Bureau of Labor Statistics, consumer prices across the economy increased by 7.5% in January 2022, in …

forbes.com

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Home Improvement Industry Trends 2024 - ConsumerAffairs

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Mar 28, 2024 · Replacements — which typically affect a home’s safety and efficiency, such as roofing, electrical repairs and plumbing projects — made up 48% of home improvement …

consumeraffairs.com

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Spending On Home Renovations Slows, But High Remodeling …

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May 9, 2024 · Spending on home remodeling was down 1.2% in the first quarter from a year earlier — the first annual decline in more than a decade. Historically, annual growth in home …

usnews.com

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Home Improvement Spending To Plateau By Late 2024 - Forbes

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May 7, 2024 · Key Takeaways. Home renovation spending is expected to decrease from $481 billion in 2023 to $450 billion in 2024.; Steep renovation costs, heightened interest rates and …

forbes.com

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Home Renovation Set To Drop By Year-End – Forbes Home

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May 24, 2024 · Key Takeaways. Home renovation spending predicted to drop from 16.3% down to 2.6% over the next year; Housing market and appreciation of home prices partially to blame

forbes.com