Why Americans are holding off on remodeling their homes (for now)

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Americans to spend 7.5 percent more on home remodeling in 2018: study. (Reuters) – Americans are expected to spend nearly $340 billion in 2018 to upgrade or to patch up their homes, a 7.5 percent increase from last year, a report by the Joint Center for Housing Studies of Harvard University released on Thursday showed. This year is shaping up.

The most common reason to why people remodel their homes is because they are tired of the old look and want to move into a more modern 21st century. The other reason is that they have had a life changing event such as the birth of a baby, and so, Mom and Dad want to remodel a room in the house from a study.

Why Americans are holding off on remodeling their homes (for now) MarketWatch – By James Wellemeyer. Homeowners are pulling back on their spending on house improvements. Growth in remodeling spending is expected decline in half of America’s largest.

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Americans Plan to Spend More on Home Improvement. Americans are increasingly willing to spend on home renovations, according to a survey that says they are taking on more projects and plan to use more expensive materials throughout the process. In a news release, remodeling app planese outlined the results of an online survey done.

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There are an endless number of reasons why people choose to remodel their home, but some reasons are more common than others. If you’re on the fence about whether or not to take the plunge, check out of some of the most popular reasons people remodel their homes and why, in the end, they really are good ideas.