The real estate market has picked up after the period in which doom and gloom reigned supreme. Last year, 1,226,000 new homes were built, outpacing 2007 numbers. And if we take a look at the latest survey from Houzz, we notice that more than a half of homeowners plan to take on renovation this year.
What is more, they aspire to conduct multi-room projects and invest more money than before. Americans are poised to spend near-record $317 billion on home improvement. Decorating is still the most prominent undertaking, but renovating does not lag far behind.
Spending on an upswing
Last year, there was a 22% increase in spending on renovations compared to 2015. This upward trajectory is expected to continue in 2017 and beyond. Baby boomers…