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Home Improvement Spending Jumps

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Home Improvement Spending Jumps

According to a published survey, construction companies ranked customer satisfaction as their primary indicator of business success.


June 30, 2001
This article first appeared in the PR July 2001 issue of Pro Remodeler.

Despite the much-ballyhooed do-it-yourself boom, the amount of money homeowners spent on improvements done professionally has jumped nearly as much since the mid-'90s. Remodeling Homes for Changing Households by the Joint Center for Housing Studies of Harvard University reports a 22% increase in expenditures for professionally completed projects compared with 24.8% for DIY. The biggest two-year increase for professional replacement expenditures was the most recent ù 29.7% from 1996-97 to 1998-99 ù while the biggest rise in spending on discretionary projects occurred from 1994-95 to 1996-97, a 12% jump.

Also See:

Spending Table


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