Center for the Urban Future

Study Predicts Growth in Remodeling Industry

The remodeling industry is in a position to grow as remodeling expenditures are predicted to rise at an inflation-adjusted 3.5% average annual rate, according to a recent study by the Joint Center for Housing Studies at Harvard University. The report, entitled "A New Decade of Growth for Remodeling," also recognized changes in consumer spending habits when it came to remodeling projects.

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