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The US remodeling market soared above $600 billion in the wake of the pandemic and, despite recent softening, remains 50 percent above pre-pandemic levels. However, industry fragmentation, inflation, and a shortage of skilled trade labor jeopardize the ability of the industry to fully meet demand.
Modest Gains in 2025 Outlook for Home Remodeling
After two years of decline, annual expenditures for improvements and maintenance to owner-occupied homes are expected to grow at a mild pace throughout 2025.
A Turn to Growth Expected for Residential Remodeling
After a mild pullback over the previous year, spending for improvements and repairs on owner-occupied homes is set to expand once again by the middle of next year.
Remodeling Spending to Tick Up Through Mid-Year 2025
After a modest downturn, homeowner expenditures for improvements and repairs are expected to trend up through the first half of 2025.
New Report Shows Housing Costs Strain Owners and Renters Alike; Millions Priced Out of Homeownership
Homeowners and renters across the US are struggling with high housing costs, according to our new State of the Nation’s Housing 2024 report.
19 Harvard Students Receive Research Funding and Summer Internships
With funding from the Harvard Joint Center for Housing Studies, 19 students from across Harvard will work on issues related to housing and community development this summer.
Announcing the 2024 Meyer Dissertation Fellows
Three Harvard doctoral students have been named 2024 John R. Meyer Dissertation Fellows by the Harvard Joint Center for Housing Studies.
Continued Easing of Remodeling Declines Expected into 2025
Annual expenditures for improvements and repairs to owner-occupied homes are projected to decrease this year and into the first quarter of 2025, but at a moderating rate.
Dr. Margot Kushel to Deliver 23rd Annual Dunlop Lecture at Harvard
For over three decades, Dr. Margot Kushel has both cared for people who experience homelessness and studied the causes, consequences, and solutions to homelessness.
New Report Shows Rent Is Unaffordable for Half of Renters as Cost Burdens Surge to Record Levels
Climbing rents have propelled cost burdens to staggering new heights: in 2022, half of all US renters were cost burdened. The number of renter households spending more than 30 percent of their income on rent and utilities rose by 2 million in just three years to a record high of 22.4 million.