“Home renovation continues at historic levels even as homeowners take a more cautious approach to future projects,” says Marine Sargsyan, head of economic research at Houzz. “What’s driving this resilience is pent-up demand from homeowners who are finally able to act on long-planned renovations. At the same time, we’re seeing a clear shift toward investing in forever homes rather than moving, with many adapting their spaces to meet changing needs.”
Beyond those broad trends, the study highlights a growing share of Gen Z renovators, evolving financing habits — including increased reliance on credit cards alongside savings — and frequent budget overruns tied to upgraded choices or expanded scope. Demand for professionals also remains strong, with the vast majority of homeowners hiring help for their projects.
Here’s more from the new study.
This article was originally published by a www.houzz.com . Read the Original article here. .
