Home advisor is reporting that Harvard’s Joint Center for housing Studies recently released their Leading Indicator of Remodeling Activity that showed spending on home improvement (remodeling, repairs etc.) jumped 11.3% between 2014-15 and estimated that it rose 6.9% in 2016. In addition, they predict a 6.7% increase for 2017.
“The rise in home values has boosted people’s perception of their own financial well-being, and has also increased their ability to take out home-equity-based loans if they need them for home improvement projects.”
