Surging home prices and rising mortgage rates that have made it harder for all renters to become homeowners have had a particularly dramatic impact on Black renters. Indeed,…
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 “…
Surging home prices have made it even more difficult for millions of renters to become homeowners across the US. In nearly half of the largest 100 US metro areas, the income…
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…
Black homeowners not only have primary mortgages with higher interest rates than white homeowners with similar incomes, they also have higher interest rates than white…
The newly released American Community Survey (ACS) shows a continued decrease in cost burdens in 2019. While the share of all homeowners that were cost-burdened (spending…
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.…