Reported 6 months ago
Americans are delaying home renovation plans due to high borrowing costs, opting for more affordable options like DIY projects. Data from John Burns in April showed a shift towards cheaper alternatives in categories like cabinets and flooring. Consumers are finding ways to remodel their homes on a budget, with 36% delaying projects and 30% spending less. Despite the slowdown, experts believe household wealth and aging homes will eventually drive growth in the home improvement market.
Source: YAHOO