Annual U.S. home remodeling spending has remained above $600 billion since 2022, and expenditures are expected to exceed this amount in 2025, according to Harvard’s Joint Center for Housing Studies. The increased spending is being driven by disaster-related repairs due to extreme weather events, aging housing inventory, and growth in home offices. Homeowner improvements and maintenance are the leading remodeling categories, followed by rental maintenance and improvements. Harvard’s Joint Center for Housing Studies
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