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Survey of Homeowner Improvements Suggests Advantages for Builders
Alison Rice / BUILDER / April 19, 2013
Builders looking for an edge against the existing-home market in their areas may want to check out a new “home improvements” infographic from the U.S. Census Bureau.
The infographic, which is based on data collected through the American Housing Survey, breaks out the median spent by homeowners for common home improvements such as a bathroom or kitchen update, new windows, and more in an appealing and easy-to read format.
Overall, 57% of the country’s 43.7 million homeowners made an improvement to their house between 2009 and 2011, according to the Census Bureau. That adds up to a total of $359 billion.
However, that number translates into a much less impressive median expenditure of $3,200 per homeowner on such updates.
[Source: U.S. Census Bureau]