September 08, 2003

Measuring the Benefits of Home Remodeling

Joint Center for Housing Studies

Home improvement has become the great national pastime. Whether remodeling a kitchen, adding a family room, installing replacement windows, or simply changing a light fixture, millions of Americans each year undertake some type of home project. For individual owners, investing in their homes in this way not only improves their comfort and safety, but also their ability to build wealth and achieve financial security. For society as a whole, home improvement spending bolsters annual growth of the economy at the same time that it preserves and enhances the nation’s $13 trillion housing stock.

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