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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…

The 100 largest home builders in the US now account for about half of all new single-family home sales, up from just over a third two decades ago. However, according to “…

Although still fragmented, the homebuilding industry has undergone changes in recent years that have increased the share of production by larger builders. The top 100…

The amount spent by homeowners on improvements to their homes—remodels, replacements, additions, structural alterations, and other activities that increase the value of the…

I recently retired as Director of the Remodeling Futures Program at the Joint Center for Housing Studies, a position that I have been extremely fortunate to hold since its…

While the US economy shrank by 3.5 percent in 2020, spending on home improvements and repairs grew more than 3 percent, to nearly $420 billion, as households modified living…

During the pandemic, there has been a surge in do-it-yourself (DIY) home improvement as people have used some of their extra time at home to undertake projects that…

After almost a decade of sustained growth in spending for home improvement projects, remodeling activity is likely to decline during the pandemic-induced economic downturn.…

In 2017, New York’s $12.2 billion market for home improvements was about 45 percent greater than the next largest markets in Los Angeles ($8.6 billion) and Chicago ($8.2…

It looks like 2019 will be a time of transition for the remodeling industry, and we’ll see as we progress through the year whether this is a soft patch in the market or the…