RISMedia
  • News
  • Premier
  • Reports
  • Events
  • Power Broker
  • Newsmakers
  • More
    • Publications
    • Education
No Result
View All Result
  • Agents
  • Brokers
  • Teams
  • Marketing
  • Coaching
  • Technology
  • More
    • Headliners New
    • Luxury
    • Best Practices
    • Consumer
    • National
    • Our Editors
Join Premier
Sign In
RISMedia
  • News
  • Premier
  • Reports
  • Events
  • Power Broker
  • Newsmakers
  • More
    • Publications
    • Education
No Result
View All Result
RISMedia
No Result
View All Result

Remodeling Spending to Spike

Home Latest News
By RISMedia Staff
September 22, 2018
Reading Time: 1 min read
Remodeling Spending to Spike

Rear view of loving couple standing embraced in their apartment that is renovating.

Across 50 of the largest major markets, home remodeling spending will spike this year, according to findings released by the Remodeling Futures Program at the Joint Center for Housing Studies at Harvard University. Expenditures for home remodels will rise by 5 percent in 41 of the 50 markets, and by 10 percent more in 11—the latter including Charlotte, N.C., Dallas and San Antonio, Texas, and Kansas City, Mo.

“Spending growth is projected to be particularly strong in many of the nation’s more affordable markets,” says Chris Herbert, managing director of the Joint Center for Housing Studies at Harvard University. “At the same time, there are a few high-cost markets where low housing supply is spurring the renovation of existing homes.”

“Our projections show that growth in the remodeling market is not concentrated in just one area of the country, but is widespread,” says Elizabeth La Jeunesse, senior research analyst in the Remodeling Futures Program. “Average growth through 2018 in major metros of the South, West and Midwest is projected to be close to the 50-metro average of 7.4 percent, while growth in metros of the Northeast will be slightly lower (5.6 percent).”

For the latest real estate news and trends, bookmark RISMedia.com.

Tags: HarvardHome RemodelHome Remodeling SpendingHome Renovationreal estate newsReal Estate News and InformationReal Estate Trends
ShareTweetShare

RISMedia Staff

Related Posts

Housing Affordability Worsens in Q3 2023
Industry News

Housing Affordability Worsens in Q3 2023

September 29, 2023
The October Issue of Real Estate Magazine Is Now Live
Agents

The October Issue of Real Estate Magazine Is Now Live

September 29, 2023
Family-Owned Long Island Brokerage Joins Century 21
Industry News

Family-Owned Long Island Brokerage Joins Century 21

September 29, 2023
Florida Firm Joins RE/MAX
Industry News

Florida Firm Joins RE/MAX

September 29, 2023
Mortgage Mix: Government Shutdown Looms; DOJ Wins Redlining Case
Agents

Mortgage Mix: Government Shutdown Looms; DOJ Wins Redlining Case

September 29, 2023
Op-Ed: The Civic Duties of the Real Estate Professional
Agents

Op-Ed: The Civic Duties of the Real Estate Professional

September 29, 2023

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Tip of the Day

How Smart Devices Can Help Manage a Home’s Energy Use

Sustainability isn’t just a moral imperative. It’s good business, too. Read more.

Business Tip of the Day provided by

Recent Posts

  • Housing Affordability Worsens in Q3 2023
  • The October Issue of Real Estate Magazine Is Now Live
  • Family-Owned Long Island Brokerage Joins Century 21

Categories

  • Spotlights
  • Best Practices
  • Advice
  • Marketing
  • Technology
  • Social Media

The Most Important Real Estate News & Events

Click below to receive the latest real estate news and events directly to your inbox.

Sign Up
By signing up, you agree to our TOS and Privacy Policy.

About Blog Our Products Our Team Contact Advertise/Sponsor Media Kit Email Whitelist Terms & Policies ACE Marketing Technologies LLC

© 2023 RISMedia. All Rights Reserved. Design by Real Estate Webmasters.

No Result
View All Result
  • Home
  • Premier
  • Reports
  • News
    • Agents
    • Brokers
    • Teams
    • Consumer
    • Marketing
    • Coaching
    • Technology
    • Headliners New
    • Luxury
    • Best Practices
    • National
    • Our Editors
  • Publications
    • Real Estate Magazine
    • Past Issues
    • Custom Covers
  • Events
    • Upcoming Events
    • Podcasts
    • Event Coverage
  • Education
    • Get Licensed
    • REALTOR® Courses
    • Continuing Education
    • Luxury Designation
    • Real Estate Tools
  • Newsmakers
    • 2023 Newsmakers
    • 2022 Newsmakers
    • 2021 Newsmakers
    • 2020 Newsmakers
    • 2019 Newsmakers
  • Power Broker
    • 2023 Power Broker
    • 2022 Power Broker
    • 2021 Power Broker
    • 2020 Power Broker
    • 2019 Power Broker
  • Join Premier
  • Sign In

© 2023 RISMedia. All Rights Reserved. Design by Real Estate Webmasters.