{"id":6744,"date":"2017-10-23T00:00:00","date_gmt":"2017-10-23T00:00:00","guid":{"rendered":"https:\/\/amazingproperty.com.ng\/blog\/remodeling-activity-to-spike-through-2018\/"},"modified":"2017-10-23T00:00:00","modified_gmt":"2017-10-23T00:00:00","slug":"remodeling-activity-to-spike-through-2018","status":"publish","type":"post","link":"https:\/\/amazingproperty.com.ng\/blog\/remodeling-activity-to-spike-through-2018\/","title":{"rendered":"Remodeling Activity to Spike Through 2018"},"content":{"rendered":"<p>\n<\/p>\n<div readability=\"43.014566181127\">\n<!--\n\n<pre>-->  <\/p>\n<div property=\"dc:description\" readability=\"36.741608613046\"><!--paging_filter--><\/p>\n<p>As homeowners gain more equity, they are expected to continue heavily investing in home improvement projects and repairs through the third quarter of 2018, according to the latest Leading Indicator of Remodeling Activity report released by the Joint Center for <a href=\"https:\/\/amazingproperty.com.ng\/blog\/property-center-nigeria\/\">Housing<\/a> Studies of Harvard University. The LIRA index projects annual gains in <a href=\"https:\/\/amazingproperty.com.ng\/blog\/a-guide-to-home-renovation\/\">home renovation<\/a> and repair spending of 6.3 percent for the fourth quarter of 2017 and up to 7.7 percent by the third quarter of next year.<\/p>\n<p>\u201cRecent strengthening of the U.S. economy, tight for-sale housing inventories, and healthy home equity gains are all working to boost home improvement activity,\u201d says Chris Herbert, managing director of the Joint Center for Housing Studies. \u201cOver the coming year, owners are projected to spend in excess of $330 billion on home upgrades and replacements, as well as routine maintenance.\u201d<\/p>\n<p>Abbe Will, a research associate in the Remodeling Futures Program at JCHS, says that recent hurricanes and other natural disasters have the potential for strengthening remodeling activity even more over the next year than forecasted. Major reconstruction and repairs will get underway in affected regions and likely <a href=\"https:\/\/amazingproperty.com.ng\/blog\/real-estate-lead-strategies-2\/\">lead<\/a> to elevated activity, Will says.<\/p>\n<p>For homeowners looking to remodel for resale, the National Association of REALTORS\u00ae publishes a report looking at the costs of some of the top remodeling projects. Take a look at the 2017 Remodeling Impact Report.<\/p>\n<p><img data-recalc-dims=\"1\" decoding=\"async\" alt=\"\" src=\"https:\/\/i0.wp.com\/realtormag.realtor.org\/sites\/realtormag.realtor.org\/files\/rmo_files\/images\/2017_oct\/2017-remodeling-impact-infographic-09-28-2017-1300w-2932h.jpg\" style=\"width: 620px; height: 1398px;\"\/><\/p>\n<p><em>Source: \u201cGrowing Momentum Expected for Remodeling Spending,\u201d Joint Center for Housing Studies of Harvard University (Oct. 19, 2017)<\/em><\/p>\n<\/div>\n<\/div>\n<p><a hre=\"http:\/\/feedproxy.google.com\/~r\/DailyRealEstateNews\/~3\/nXnSK0tRAQo\/remodeling-activity-spike-through-2018\"> Realtors <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>As homeowners gain more equity, they are expected to continue heavily investing in home improvement projects &hellip; <a title=\"Remodeling Activity to Spike Through 2018\" class=\"hm-read-more\" href=\"https:\/\/amazingproperty.com.ng\/blog\/remodeling-activity-to-spike-through-2018\/\"><span class=\"screen-reader-text\">Remodeling Activity to Spike Through 2018<\/span>Read more<\/a><\/p>\n","protected":false},"author":1,"featured_media":6745,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"advanced_seo_description":"","jetpack_seo_html_title":"","jetpack_seo_noindex":false,"jetpack_seo_schema_type":"","_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"jetpack_post_was_ever_published":false},"categories":[4],"tags":[2890,12908,543,11877,627,344,1287,1007,41,818,479],"class_list":["post-6744","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-opportunities-in-new-markets","tag-construction","tag-home","tag-home-buying-guide","tag-home-renovation","tag-homeowners","tag-housing","tag-natural-disaster","tag-owners","tag-property","tag-real","tag-realtor"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2017\/10\/2017-remodeling-impact-infographic-09-28-2017-1300w-2932h.jpg?fit=1200%2C2706&ssl=1","jetpack_sharing_enabled":true,"jetpack-related-posts":[{"id":3704,"url":"https:\/\/amazingproperty.com.ng\/blog\/more-homeowners-tackle-renovation-projects\/","url_meta":{"origin":6744,"position":0},"title":"More Homeowners Tackle Renovation Projects","author":"Amazing Property","date":"April 21, 2017","format":false,"excerpt":"Homeowners are sprucing up their properties and undertaking more remodeling and repair projects, according to a recent study. The Leading Indicator of Remodeling Activity, released by the Joint Center for Housing Studies at Harvard University, shows an annual growth in home improvement and repair expenditure this year that will remain\u2026","rel":"","context":"In &quot;Opportunities In New Markets&quot;","block_context":{"text":"Opportunities In New Markets","link":"https:\/\/amazingproperty.com.ng\/blog\/category\/opportunities-in-new-markets\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":5382,"url":"https:\/\/amazingproperty.com.ng\/blog\/owners-tackle-more-remodels-as-equity-rises\/","url_meta":{"origin":6744,"position":1},"title":"Owners Tackle More Remodels as Equity Rises","author":"Amazing Property","date":"July 20, 2017","format":false,"excerpt":"Spending on repairs and home improvement\u00a0continues to grow at a stable rate as homeowners feel more confident\u00a0about starting projects as their home values increase.\u00a0 That said, an annual increase in remodeling expenditures may soften somewhat in the coming months, but will likely remain at or above 6 percent through the\u2026","rel":"","context":"In &quot;Opportunities In New Markets&quot;","block_context":{"text":"Opportunities In New Markets","link":"https:\/\/amazingproperty.com.ng\/blog\/category\/opportunities-in-new-markets\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2017\/07\/LIRA%20chart.png?fit=1067%2C800&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2017\/07\/LIRA%20chart.png?fit=1067%2C800&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2017\/07\/LIRA%20chart.png?fit=1067%2C800&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2017\/07\/LIRA%20chart.png?fit=1067%2C800&ssl=1&resize=700%2C400 2x, https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2017\/07\/LIRA%20chart.png?fit=1067%2C800&ssl=1&resize=1050%2C600 3x"},"classes":[]},{"id":6675,"url":"https:\/\/amazingproperty.com.ng\/blog\/more-renovations-in-the-forecast-for-2018\/","url_meta":{"origin":6744,"position":2},"title":"More Renovations in the Forecast for 2018","author":"Amazing Property","date":"October 19, 2017","format":false,"excerpt":"Projections for next year\u2019s housing market are already underway, as 2018 could be seeing significantly more home renovations and repairs taking place. A report released today from the Remodeling Futures Program at the Joint Center for Housing Studies of Harvard University predicts a growing momentum in 2018 for money spent\u2026","rel":"","context":"In &quot;Opportunities In New Markets&quot;","block_context":{"text":"Opportunities In New Markets","link":"https:\/\/amazingproperty.com.ng\/blog\/category\/opportunities-in-new-markets\/"},"img":{"alt_text":"Lira2017 Q3 0.png","src":"https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2017\/10\/lira2017-q3_0.png?fit=1200%2C904&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2017\/10\/lira2017-q3_0.png?fit=1200%2C904&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2017\/10\/lira2017-q3_0.png?fit=1200%2C904&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2017\/10\/lira2017-q3_0.png?fit=1200%2C904&ssl=1&resize=700%2C400 2x, https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2017\/10\/lira2017-q3_0.png?fit=1200%2C904&ssl=1&resize=1050%2C600 3x"},"classes":[]},{"id":1438,"url":"https:\/\/amazingproperty.com.ng\/blog\/owners-are-spending-more-on-remodeling\/","url_meta":{"origin":6744,"position":3},"title":"Owners Are Spending More on Remodeling","author":"Amazing Property","date":"February 28, 2017","format":false,"excerpt":"[ad_1] Baby boomers may be sparking a remodeling boom. Homeowner spending on remodeling projects is expected to see steady growth through 2025, according to Demographic Change and the Remodeling Outlook, released by Harvard Joint Center for Housing Studies.\u00a0Older owners are expected to make up the majority of those spending gains\u2026","rel":"","context":"In &quot;Opportunities In New Markets&quot;","block_context":{"text":"Opportunities In New Markets","link":"https:\/\/amazingproperty.com.ng\/blog\/category\/opportunities-in-new-markets\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":3910,"url":"https:\/\/amazingproperty.com.ng\/blog\/owners-be-smart-when-financing-renovations\/","url_meta":{"origin":6744,"position":4},"title":"Owners: Be Smart When Financing Renovations","author":"Amazing Property","date":"April 27, 2017","format":false,"excerpt":"The number of homeowners who are planning to take on home improvement projects or repairs this year is expected to increase 6.7 percent, according to the Joint Center for Housing Studies at Harvard University. As more owners look to remodel, they may be weighing how to fund their renovations. Read\u2026","rel":"","context":"In &quot;Opportunities In New Markets&quot;","block_context":{"text":"Opportunities In New Markets","link":"https:\/\/amazingproperty.com.ng\/blog\/category\/opportunities-in-new-markets\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":4951,"url":"https:\/\/amazingproperty.com.ng\/blog\/the-dos-and-donts-of-tapping-your-rising-home-equity\/","url_meta":{"origin":6744,"position":5},"title":"The Do&#039;s And Don&#039;ts Of Tapping Your Rising Home Equity","author":"Amazing Property","date":"June 14, 2017","format":false,"excerpt":"If you bought a home recently, it may already have increased in value. Equity growth goes hand-in-hand with pride of ownership (and fun stuff like tax breaks) when it comes to homebuyer goals, so say a big, \"Yay!\" \r \r \"Nearly 91,000 homeowners regained equity in the first quarter of\u2026","rel":"","context":"In &quot;Opportunities In New Markets&quot;","block_context":{"text":"Opportunities In New Markets","link":"https:\/\/amazingproperty.com.ng\/blog\/category\/opportunities-in-new-markets\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2017\/06\/BP_HFXUP206H_Gulley_kitchen_AFTER_160404_503245.jpg?fit=1200%2C800&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2017\/06\/BP_HFXUP206H_Gulley_kitchen_AFTER_160404_503245.jpg?fit=1200%2C800&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2017\/06\/BP_HFXUP206H_Gulley_kitchen_AFTER_160404_503245.jpg?fit=1200%2C800&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2017\/06\/BP_HFXUP206H_Gulley_kitchen_AFTER_160404_503245.jpg?fit=1200%2C800&ssl=1&resize=700%2C400 2x, https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2017\/06\/BP_HFXUP206H_Gulley_kitchen_AFTER_160404_503245.jpg?fit=1200%2C800&ssl=1&resize=1050%2C600 3x"},"classes":[]}],"_links":{"self":[{"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/posts\/6744","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/comments?post=6744"}],"version-history":[{"count":0,"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/posts\/6744\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/media\/6745"}],"wp:attachment":[{"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/media?parent=6744"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/categories?post=6744"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/tags?post=6744"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}