Homeowners Are Delaying Remodeling Projects

The pandemic trend of home renovations appears to slowing down.

The home improvement platform Houzz says many American homeowners are holding off on starting projects.

“One in seven homeowners has put their home renovation project on hold (15%),” according to results from a online survey published September 6. “Faced with inflation and rising interest rates, many homeowners have been forced to reevaluate their ability to pursue immediate improvements,” commented the firm’s staff economist Marine Sargsyan in the survey summary.

Read more about the survey here.

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