New Home Sales Hit 11-Month High[2]

Home Improvement Spending Reaches Record Levels[5]

Rising equity and a longer length of homeownership have spurred a boost in remodeling activity.

Remodeling and repair spending expected to increase by 5.1% in 2019.[6]

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Sources:

[1] National Association of Realtors® (NAR), Existing-Home Sales, February 2019.

[2] U.S. Census Bureau, Monthly New Residential Sales, February 2019.

[3] U.S. Census Bureau, Monthly New Residential Construction, February 2019.

[4] National Association of Home Builders (NAHB) Wells Fargo Housing Market Index (HMI), March 2019.

[5] CoreLogic®, a data and analytics company, Economic Outlook: March 2019.

[6] Harvard Joint Center for Housing Studies, January 2019.