Over the past decade, home improvement has been on the rise. This is largely driven by homeowners who are staying in their homes longer and choosing to update rather than move. According to a recent report from the Harvard Joint Center for Housing Studies, spending on home improvement projects has increased by more 50% since 2010 with aging homeowners responsible for a large amount of this spend. Among the most popular home improvements were new windows and doors, roofing, and landscaping.
At Exterior Source, we’re continuing to see investment into home exterior projects that have a large ROI. As we enter a new year, we expect to see home improvement projects on the rise among homeowners.