Home prices rose at an unprecedented pace in the aftermath of the COVID-19 pandemic as interest rates fell to record lows, the large cohort of millennials aged increasingly…
Alexander Hermann, Peyton Whitney
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January 22, 2024
In 2022, the median sale price for a single-family home in the US was 5.6 times higher than the median household income, higher than at any point on record dating back to the…
After home prices fell during the latter half of 2022 and markets across the country cooled, prices have been increasing nationally in 2023. Indeed, according to our analysis…
W15-4: The dramatic aging of the U.S. population in coming decades is expected to have important implications for the home remodeling industry. Of the over 25 million…
W14-2: Due to the many obstacles to scale economies facing the residential remodeling industry, such as low barriers to entry, volatile business cycles, highly…
W13-3: The approximately $300 billion a year private home remodeling and repair market comprises most of the investment for maintaining and improving the nation’s…
George Masnick, Abbe Will, Kermit Baker
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March 14, 2011
W11-4: As baby boomers relocate or downsize in retirement, or simply die off, they will release a very large amount of housing onto the market. Older homeowners (age 55…
W10-7: Immigrants have become a growing force in the housing and home improvement markets in recent years. This research explores how key demographic, socioeconomic and…
W08-6: This paper assesses the cyclical nature of the remodeling industry between 1987 and 2007, and how remodeling cycles relate to cycles in the homebuilding industry…
W07-8: Professional remodeling contractors have not experienced the same flurry of consolidation as in the national homebuilding industry in recent years. The home…