Harvard JCHS report predicts uptick in home improvements this year

  • A new report shows homeowners are expected to increase their home renovation projects this year.
  • The question remains whether labor availability and consumer financing will be equipped to meet this increased demand.
  • Agents would be keen to keep an eye on how this trend may affect the listings in their area.

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Thanks to the continued housing market recovery, homeowners are expected to increase their home renovation projects, according to a report issued this week by Harvard University’s Joint Center for Housing Studies. JCHS Managing Director Chris Herbert weighs in on what this means for many markets across the country.