The trends in home improvement have a lot to do with the trends of the larger real estate market.
Kerry Donahue shares details of the "Improving America's Housing 2019" report, released this week by the Harvard Joint Center for Housing Studies.
The report finds increasing investments in home improvement projects by homeowners. According to Donahue, "as homebuilding struggled to meet the nation’s growing housing needs, spending on improvements and repairs to both owner-occupied and rental properties hit a record of nearly $425 billion in 2017."
"The steady uptick in house prices in many markets and the aging population are also driving increased spending on home improvements and repairs," adds Donahue.
The article digs into more detail about what the home improvement trend means for the U.S. housing market and the demographic groups of the country—now and into the future.
Phase 1 Revealed for $20 Billion Chicago Megaproject
Plans for One Central, a proposed megadevelopment that would add 22.3 million square feet of buildings to the city of Chicago, are taking shape.
Boston Introduces 'Maximum Parking Ratios' for Large Buildings
Large buildings with uses of all kinds will be subject to Boston's new "Maximum Parking Ratios."
5 Tips for Planning Safe Post-Pandemic Events
As community events start move off-screen and become available to the public again, here are five ways organizers can ensure public health and safety.
HUD's Office of Policy Development and Research
Rowan University's Department of Geography, Planning, & Sustainability
This six-course series explores essential urban design concepts using open source software and equips planners with the tools they need to participate fully in the urban design process.