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…
Gopal Ahluwalia, Kermit Baker, Kent Colton
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April 19, 2022
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 “…
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…
Kermit Baker, Alexander Hermann
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November 30, 2017
The bulk of repairs to homes damaged by this year’s record-setting disasters will not be done until 2019 or 2020, according to our analysis of post-disaster spending between…
