Home Remodels on the Rise

Harvard University’s Joint Center for Housing Studies reports that as home values continue to rise, more and more homeowners are deciding that now is the time to increase the value of their homes even more. According to estimates, home remodeling is expected to climb from 2.4 percent in the second quarter of 2015 to 6.8 percent by the second quarter next year.

As their equity increases, many would-be sellers are using that money on remodeling projects such as bathrooms and kitchens.

The remodeling industry is expected to increase to $300.5 billion by 2016.

Leave a Comment