Renovation Industry Surpasses Pre-Recession Peak
Last week, I attended the Remodeling Futures Conference at Harvard Joint Center for Housing Studies (JCHS). There, JCHS announced that the home renovation market size will have reached $326 billion by the end of 2015, based on data from U.S. Census Bureau, a whooping 1.5 billion above the 2007 pre-recession peak levels, as shown in the chart below. These market estimates support Q2 Houzz Renovation Barometer findings on the state of the industry as of July 2015. The Barometer