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.