clock menu more-arrow no yes

Filed under:

Everyone to Home Depot

New, 5 comments

While some homeowners continue to put off home repair fixes or bigger renovations to save money, the New York Times reports that fixer-upper market may be returning. "A recent report by the Joint Center for Housing Studies at Harvard University predicted that remodeling would rebound strongly this year after a three-year downturn. The center estimated growth of 9.1 percent for the first quarter and 12.1 percent for the second quarter. The predicted rate drops for the end of the year, but annual growth in remodeling is expected to be around 8 percent. In fact, the study found, the remodeling market held up far better than housing construction during the recession, with annual spending still close to $300 billion." [NYT]