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Blog

Downturn in Home Remodeling May Bottom Out in 2024

Abbe Will • January 18, 2024

Spending for residential improvements and repairs is expected to shrink this year for the first time since 2010, but signs point to some easing of declines by year’s end,…
Blog

Further Softening Expected for Homeowner Remodeling

Abbe Will • July 20, 2023

Annual expenditures for improvements and repairs to owner-occupied homes are expected to decline at an accelerating rate through the first half of 2024, according to our…
Blog

Why Do Urban Storefronts Stay Empty for So Long?

Erica Moszkowski • May 25, 2023

Storefronts often remain empty for months or years at a time, even in some of the world’s highest-rent retail districts. Between 2015 and 2019, for example, empty storefronts…
Blog

Home Remodeling Market Projected to Contract by 2024

Abbe Will • April 20, 2023

After more than a decade of continuous growth, annual spending on improvements and repairs to owner-occupied homes is expected to decline by early next year, according to our…
Working Papers

Option Value and Storefront Vacancy in New York City

Erica Moszkowski, Daniel Stackman • April 12, 2023

Why do storefronts remain empty for more than a year in some of the world’s highest-rent retail districts? Landlords with vacancies derive option value from two sources of…