Home remodeling exploded as a result of pandemic: Housing expert,Annual spending on improvements and repairs to owner-occupied and rental properties between 2019 and 2021 grew 23 percent to $495 billion, according to a new study from the Joint Center for Housing Studies of Harvard University. That’s compared to the market’s historical 4.4% average pace of growth.
Home remodeling exploded as a result of pandemic: Housing expert
Annual spending on improvements and repairs to owner-occupied and rental properties between 2019 and 2021 grew 23 percent to $495 billion, according to a new study from the Joint Center for Housing Studies of Harvard University. That’s compared to the market’s historical 4.4% average pace of growth.
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