-
3 home improvement projects with the highest payoff before and after COVID-19
Canva 3 home improvement projects with the highest payoff before and after COVID-19 Bright kitchen with white cabinets and wood countertops That kitchen remodeling you’ve been saving for? It may not add as much value to your home today as it would have three years ago. That’s because, generally, returns on investment in home improvement projects are lower now than pre-pandemic. But there are still several upgrades—including a kitchen remodel—that can help homeowners recoup a majority of their investment. Angi analyzed data from Zonda Media’s Remodeling 2022 Cost vs. Value Report to find the three projects that saw the highest percentage of their costs recouped. The analysis compares cost and…
-
Home Improvement Trends in the COVID-19 Era
CLEVELAND, July 7, 2022 /PRNewswire/ — Home improvement activity is an important aspect of the construction and building supplies industry, so an investigation into consumer trends can give insight to marketing and product development opportunities. A new report from the Freedonia Group contains analysis and data-based discussions of various pieces of the home improvement industry, including a look at homeownership rates, buying patterns, demographic trends, and other consumer insights. This report includes analysis, data, trends, and customized cross tabs using two survey resources: data from The Freedonia Group’s proprietary national online survey conducted from February 2021, June 2021, August 2021, October-November 2021, November-December 2021, and February 2022 data from syndicated…
-
Cities With the Biggest Increase in Home Improvement Loans Since COVID-19
Photo Credit: Jaruwan Jaiyangyuen / Shutterstock As Americans hunkered down in their homes in the early days of the COVID-19 pandemic—with remote work and school continuing into the foreseeable future—many began tackling home improvement projects. Demand for home offices, more living space, and nicer outdoor areas boomed. Interest rates also dropped to record lows, spurring many to take out home improvement loans. According to loan-level mortgage data from the Home Mortgage Disclosure Act (HMDA), there were nearly 480,000 conventional, single-family home improvement loans taken out in 2020 with a total value of $54.5 billion. Investments in home improvements began to fall during the housing crisis—and beginning of the Great Recession—that…
