Report Finds Existing US Housing Stock Still Needs More Investment
Pro Builder
MARCH 24, 2023
The widespread adoption of remote work, massive growth in home equity and savings, and the aging of the housing stock boosted annual spending on improvements and repairs to owner-occupied homes 24 percent between 2019 and 2021 to $406 billion, or an annual pace of growth more than double the historical average of 5 percent.
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