{"id":20226,"date":"2022-03-28T13:46:55","date_gmt":"2022-03-28T13:46:55","guid":{"rendered":"http:\/\/www.anthonydidonato.net\/wordpress\/?p=20226"},"modified":"2022-03-28T13:46:58","modified_gmt":"2022-03-28T13:46:58","slug":"where-home-improvement-is-increasing","status":"publish","type":"post","link":"https:\/\/www.anthonydidonato.net\/wordpress\/where-home-improvement-is-increasing\/","title":{"rendered":"Where Home Improvement Is Increasing"},"content":{"rendered":"\n

Where Home Improvement Is Increasing<\/p>\n\n\n\n

Home improvement spending is growing across the country and is expected to accelerate further in many of the nation\u2019s largest cities this year, according to a report from Harvard University\u2019s Joint Center for Housing Studies. Home improvement spending is expected to grow nearly 14% annually across all 48 major metro areas the report tracked. Owner expenditures are anticipated to increase between 7.6% and 23%, as well.<\/p>\n\n\n\n

Several markets will see homeowner expenditures on home improvement grow by double-digit percentages\u2014by 14% or greater.<\/p>\n\n\n\n

\u201cRecord-breaking home price appreciation, solid home sales, and high incomes are all contributing to stronger remodeling activity in our nation\u2019s major metros, especially in the South and West,\u201d Sophia Wedeen, a research assistant at the Center, writes in the report. \u201cAlthough home remodeling is expected to accelerate broadly across top metros, ongoing shortages and rising costs of labor and building materials may dampen activity in the coming year.\u201d<\/p>\n\n\n\n

The following markets are seeing the biggest increases in spending on home improvement, according to the Center\u2019s report.<\/p>\n\n\n\n