Hope to enhance your humble abode to be somewhat less humble? Youâ??re not alone. Residential improvement and repair expenditures are expected to rise through in 2018, according to the Leading Indicator of Remodeling Activity (LIRA), recently released by the Remodeling Futures Program at the Joint Center for Housing Studies of Harvard University. â??Recent strengthening of the U.S. economy, tight for-sale housing inventories, and healthy home equity gains are all working to boost home improvement activity,â?* says Chris Herbert, managing director of the Joint Center for Housing Studies. Homeowners are projected to spend more than $330 billion on upgrades and replacementâ??but what upgrades are on the must-make list? Click through to see what industry forecasters and design/construction pros cite as the top trends for 2018.
12-31-2017, 12:00 PM
The top 12 most in-demand home upgrades
Hope to enhance your humble abode to be somewhat less humble? Youâ??re not alone. Residential improvement and repair expenditures are expected to rise through in 2018, according to the Leading Indicator of Remodeling Activity (LIRA), recently released by the Remodeling Futures Program at the Joint Center for Housing Studies of Harvard University. â??Recent strengthening of the U.S. economy, tight for-sale housing inventories, and healthy home equity gains are all working to boost home improvement activity,â?* says Chris Herbert, managing director of the Joint Center for Housing Studies. Homeowners are projected to spend more than $330 billion on upgrades and replacementâ??but what upgrades are on the must-make list? Click through to see what industry forecasters and design/construction pros cite as the top trends for 2018.
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