We use cookies to provide you with a better experience. By continuing to browse the site you are agreeing to our use of cookies in accordance with our Cookie Policy.

logo
  • Engineers & Specifiers
  • Contractors & Installers
  • Wholesalers & Distributors
  • Sign In
  • Create Account
  • Sign Out
  • My Account
Free Subscription
  • Sign In
  • Create Account
  • Sign Out
  • My Account
  • PRODUCTS
    • Bath & Kitchen
    • Fire Protection
    • HVAC
    • Hydronics/Radiant
    • Plumbing
    • PVF
    • Tools
  • PROJECTS
    • Commercial
    • Green Building
    • MRO/Retrofit
    • Remodeling
    • Residential
  • HOW TO
    • Design
    • Fire Protection
    • Legal Matters
    • Management
  • BUSINESS
    • Buying Groups
    • Technology
    • Associations
  • CODES & STANDARDS
    • ANSI
    • ASHRAE
    • ASSE
    • Regulations
    • Green Building
    • IAPMO
    • ICC
    • NFPA
  • RESOURCES
    • PROS REPS
    • Media Kit
    • Advertise
    • Contact Us
    • Classifieds
    • Digital Editions
    • Behind the Wall
    • Webinars
    • AHR Live 2023
  • PODCASTS
  • DIGITAL EDITIONS
Home » Remodeling study sees big jump ahead in home improvement spending

Remodeling study sees big jump ahead in home improvement spending

July 27, 2016

The amount of money Americans spend renovating and improving their homes will grow to more than $320 billion by the middle of next year, according to Harvard University’s Leading Indicator of Remodeling Activity.

That would put it just shy of its inflation-adjusted peak reached before the housing crash in 2006.

“A healthier housing market, with rising house prices and increased sales activity, should translate into bigger gains for remodeling this year and next year,” Chris Herbert, managing director of Harvard’s Joint Center for Housing Studies, said in a statement. “As more homeowners are enticed to list their properties, we can expect increased remodeling and repair in preparation for sales, coupled with spending by the new owners who are looking to customize their homes to fit their needs.”

The projected 8 percent growth by the start of 2017 is far higher than the historical average growth rate of 4.9 percent.

More details here.

Source: Joint Center for Housing Studies of Harvard University.

 

Bath & Kitchen Industry Community News Remodeling Wholesalers & Distributors
  • Related Articles

    Harvard report: Home improvement spending expected to increase in 2016​

    HIRI Predicts National Inflation Bulge Will Decelerate Home Improvement Spending Through 2024

    Harvard Study: Aging homeowners drive growth in remodeling

  • Related Products

    CEU Webinar

    Directory Listing - Premium

  • Related Events

    Ninth Annual Celebrating Women in the Mechanical Trade Industry Luncheon

Most Popular

  • Uponor Celebrates Grand Opening of New Experience Center

  • Avoiding Mistakes When Installing Non-Metallic Plumbing Systems

  • Carrier Launches New Indianapolis Technical Training Center to Address HVAC Technician Shortage

  • Building a Company Through Teamwork and the Next Generation

Featured Video

Dan video 4

Dan Foley on U.S. Boiler Company's Alta Boiler: Ease of Service

Industry Events

  • 05Oct

    PVF Roundtable TroutBlast Fishing Tournament

  • 08Oct

    2023 SFPE Annual Conference & Expo

    North Bethesda, MD
  • 09Oct

    2023 AD PHCP North American Meeting

    Phoenix, AZ
More Events

Subscribe to our newsletters & stay updated

Subscribe & Learn More

  • Tw10 2023 cover
    Learn More
  • Pe10 2023 cover
    Learn More
  • Phc10 2023 cover
    Learn More
  • Es 2022
    Learn More
Subscribe

More from PHCP Pros

  • Editorial Team
  • Home
  • Contact Us
  • About
  • Advertise

Follow Us

© 2023 All Rights Reserved

Design, CMS, Hosting & Web Development | ePublishing