CAMBRIDGE, Mass. – Americans plan to spend 8.6 percent more this year on home remodeling, according to the Remodeling Futures Program at the Joint Center for Housing Studies of Harvard University.
Spending on home remodeling will then further expand in early 2017, increasing by 9.7 percent.
The national tally for home repairs and improvement projects is expected to reach nearly $325 billion by early 2017, according to the report. The data released by Harvard is based on the biennial American Housing Survey.
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