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7 de ago. de 2023 · By 2022, homeowners’ spending rose to $472 billion. In 2024, home improvement projects are expected to decline due to housing market issues, such as stalled home sales and mortgage...
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22 de mar. de 2023 · Findings from a survey of 46,118 users, including 24,667 renovating U.S. homeowners on Houzz about their home renovations in 2022 and plans for 2023. Houzz Research. Download the full report.
14 de dic. de 2022 · So, what’s next? Inflation and a probable 2023 recession will affect how much homeowners spend on home improvement going forward. Analysts forecast total home improvement products market growth to decelerate from 7.2% in 2022 to 1.5% in 2023, with the consumer and professional markets growing by 0.6% and 3.6%, respectively.
3 de ago. de 2022 · Although the recent spike of inflation might influence its growth rate, the home improvement market is still expected to record high revenues in 2023. In fact, the business of homeownership...
7 de ago. de 2023 · Throughout 2022 and 2023, consumer sentiments have been low and the result has been postponement of larger home improvement and remodeling projects. As we look towards 2024, with economic uncertainty easing, home improvement spend is also anticipated to resume.
19 de ene. de 2023 · The LIRA projects a steep deceleration in annual gains of home renovation and maintenance spending from 16.3 percent at the close of 2022 to just 2.6 percent by year-end 2023.
10 de nov. de 2022 · Among the 23% of homeowners who plan to renovate in 2023 or sooner, m ore than half (58%) will kick off their project in January 2023 or earlier. Nearly one-third of homeowners surveyed already are in the midst of a home improvement project (29%). The most popular areas being remodeled are bathrooms (37%) and kitchens (33%).
