June 01, 2005

The Changing Structure of the Home Remodeling Industry

Joint Center for Housing Studies

Even with the ups and downs of the broader economy, growth in spending on residential remodeling and repairs has been remarkably steady. In fact, the home improvement industry has not seen a major downturn since the early 1990s. Remodeling expenditures by homeowners and rental property owners totaled $233 billion in 2003, accounting for 40 percent of all residential construction and improvement spending and more than 2 percent of the US economy…

Category: Reports

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