Economics: More U.S. Homeowners Pay for Remodeling Jobs With Credit Cards

The Joint Center for Housing Studies at Harvard University said spending nationwide on home improvements could exceed the $324 billion record, MarketWatch reports.

Homeowners are eager to remodel their homes, and many are borrowing money to do it. A survey conducted by SunTrust found that, even though savings remain the main source of home improvement financing, the number of homeowners using credit cards increased from 21 percent in 2014 to 30 percent this year.

MarketWatch has the full report.