Renovation Spending Is Up, New Houzz Study Shows

Jun 23, 2021  · Homeowners often end up spending more money than anticipated. The Houzz study shows that homeowners reported a median planned spend of $10,000, a figure that’s been stable for the past couple of years but one that is considerably lower than what the actual …


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Renovation Spending Is Up, New Houzz Study Shows

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Jun 23, 2021  · Homeowners often end up spending more money than anticipated. The Houzz study shows that homeowners reported a median planned spend of $10,000, a figure that’s been stable for the past couple of years but one that is considerably lower than what the actual …

houzz.com

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Key Takeaways From The 2024 Houzz Home Study - The Family …

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Sep 12, 2024  · The Houzz Home Study shows that the percentage of homeowners spending more than $25,000 on their renovation rose to 51 percent in 2023. That’s up from 44 percent in …

familyhandyman.com

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A Houzz Study Shows People Are Renovating More Than Ever

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Apr 1, 2024  · According to Houzz’s 2024 Houzz & Home Study, renovation spending increased by 60% from 2020, when the median spending cost was around $15,000, to 2023, when median …

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These Are The Most Popular Home Projects And Purchases

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Apr 5, 2024  · According to the 2024 U.S. Houzz & Home Study, the median amount spent on renovations increased from $15,000 in 2020 to $24,000 in 2023. And among the top 90th …

forbes.com

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Remodeling Activity And Spending Hit Highest Levels In Years

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Home renovation activity has reached its highest rate since 2018, according to the just-released 2022 U.S. Houzz & Home Study. Renovation spending, up 20% in 2021 compared with the …

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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 renovations in the first quarter of 2024, according to LIRA. However, that’s $26 billion less than the peak of renovation spending in the …

usatoday.com

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Houzz Reports An Increase In Renovation Spending - Cabin Life

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According to Houzz, a platform for home remodeling and design, median spending has increased 60% from 2020 ($15,000) to 2023 ($24,000). In their 2024 Houzz & Home Study of over …

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2022 U.S. Houzz & Home Study: Renovation Trends

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Apr 27, 2022  · Planned Renovation Spend Increases Year Over Year: More than half of homeowners (55%) plan to renovate in 2022, and nearly half (46%) plan to decorate. For the …

houzz.com

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Renovation Spending Has Jumped 60% Since 2020

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Mar 28, 2024  · Renovation spending has surged since the onset of the pandemic, according to the 2024 Houzz & Home Study from home renovation and design company Houzz. In 2020, …

houstonagentmagazine.com

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Renovation Spending Is Up, New Houzz Study Shows

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Jun 23, 2021  · The Houzz study shows that homeowners reported a median planned spend of $10,000, a figure that’s been stable for the past couple of years but one that is considerably …

houzz.com

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Study: How Homeowners Are Spending Remodeling Design Dollars

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Jun 12, 2024  · The numbers back that up. • Home improvement spending has increased by more than $150 billion since 2019, according to the Harvard Joint Center for Housing Studies. • A …

aia.org

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2021 U.S. Houzz & Home Study: Renovation Trends

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Jun 23, 2021  · Home Renovation Spend Rises: Home renovation spend has grown 15% in the last year to a median $15,000. Higher-budget projects (with the top 10% of project spend) saw …

houzz.com

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Bathroom Spend Up Significantly Over Last Year, Says Houzz

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Oct 16, 2024  · The median spend for primary bathroom projects has reportedly increased by 33% year-on-year, according to new research by design software platform Houzz. The company …

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FAQs about Renovation Spending Is Up, New Houzz Study Shows Coupon?

How much do Americans spend on home renovations in 2023?

Americans spent a sizable chunk of change on home renovations in 2023, more so than a year prior. The median spend on home renovations totaled $24,000, a 60% increase from 2020, according to the Houzz study. However, homeowners in the top 90th percentile spent a median of $150,000, a 77% increase from 2022. ...

How much do home buyers spend on renovations?

Over half of surveyed homeowners pursued a renovation project. Whether they plan on selling soon or they’re just prepping for the long haul, home buyers are renovating their spaces at record levels. According to the 2024 U.S. Houzz & Home Study, the median amount spent on renovations increased from $15,000 in 2020 to $24,000 in 2023. ...

How much does a home renovation cost on Houzz?

Findings from a survey of 75,470 users, including 36,569 renovating U.S. homeowners on Houzz about their home renovations in 2020 and plans for 2021 Home Renovation Spend Rises: Home renovation spend has grown 15% in the last year to a median $15,000. ...

Are homeowners spending more on renovations?

Certain trends remained prominent in the latest Houzz survey. From the amount spent to who’s performing the work and which projects are most popular, there are definitely some signs of consistency. The amount homeowners are spending on their renovations continues to climb. ...

Are home renovation activity & spend at a 4-year high?

Renovation Activity & Spend Hit 4-Year High: Home renovation activity and spend are at the highest rates reported since 2018. More than half of homeowners (55%) renovated in 2021, up from 53% in 2020 and 54% in both 2019 and 2018. ...

How much does a home renovation cost in 2022?

Here is the Houzz study breakdown: The median spend on kitchen renovations rose by 20% to reach an average of $24,000. The median spend on bathrooms rose to $15,000 on average, 11% more than in 2022. The heating median spend rose to $5,500, an increase of 10%. The median spend for cooling rose 10% to $6,000. ...

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