After a record-shattering year in 2021, the housing market is at an inflection point. Higher interest rates have taken some heat out of the homebuying market, and the large number of apartments under construction should bring some relief on the rental side.
With support from our Center, 28 graduate students from the Harvard Graduate School of Design (GSD) and the Harvard Kennedy School (HKS), and one undergraduate from Harvard College, will spend the summer researching and working on a host of issues related to housing and community development.
Projections for 2022 show a robust average annual growth in home improvement spending of 13.8 percent across all 48 major metropolitan areas tracked, with owner expenditures expected to grow between 7.6 percent and 23.0 percent.
Strong growth in home improvement and maintenance expenditures is expected to continue over the coming year.
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