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Ranking the Most-Beneficial Home Improvement Projects

Appraisal Buzz

Homeowners preparing to sell, as well as those planning to stay put for the long haul, undertake home improvement projects, either to boost the property’s resale value or to increase their at-home quality of life. The post Ranking the Most-Beneficial Home Improvement Projects first appeared on The MortgagePoint.

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Top 5 home improvement projects real estate agents should recommend to sellers

Housing Wire

Being able to provide data-driven home improvement recommendations can help agents build credibility with potential clients, sell homes faster and for more money, and ultimately win more listings. These days, buyers want move-in ready homes – they don’t want to face huge construction projects before they can get settled.

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Finding qualified contractors is the biggest obstacle to reno projects

Housing Wire

Home renovation projects could bring a variety of safety and efficiency improvements to older construction, but anxiety is a key element keeping many homeowners from exploring renovation projects. This is according to a report conducted by Renewal by Andersen , a home improvement company.

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Fed’s Beige Book shows recent moderation in mortgage rates propped up demand for homes

Housing Wire

New-home builders continued to report steady sales at relatively strong levels, in part because of the lack of existing for-sale homes. Most expect their pipeline of contracts to keep construction busy through the year. Cleveland: Residential construction contacts reported that demand increased as mortgage rates declined.

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Home Improvement Loan Applications in 2021: A State- and County-Level Analysis

Eyes on Housing

According to National Income and Product Accounts (NIPA), expenditures for residential home improvements soared 13% to $328 billion in 2021, from $289 billion in 2020. The residential remodeling market has grown rapidly in the past few years, mainly fueled by changes in housing and lifestyle decisions during the pandemic period.

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The labor market showed signs of modest cooling in July

Housing Wire

Employment in the construction industry continued to trend up in July, adding 19,000 jobs, especially in the residential construction space. The ongoing shortage of housing inventory helped spur an increase in home building and home improvement activity, Kan said.

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More New Homes Improve Expectations of Housing Availability

Eyes on Housing

Increased levels of new home construction and sales are leading some buyers to expect the home search to get easier in the months ahead.