Home Improvements

HOW DO WE KNOW? Home Improvements When faced with a choice, many homeowners decide to improve their homes, rather than move. They modernize the kitchen, replace the roof, finish the basement, add a bathroom, or make their homes more energy efficient. The American Housing Survey (AHS), jointly administered by the Census Bureau and the Department of Housing and Urban Development, tracks home improvements as well as a variety of other housing topics. According to the AHS, "home improvements" exclude "routine maintenance," which is defined as regular maintenance activities necessary for the preventive care of the structure, property, and fixed equipment items. Roofing $4,559 Well Over Half Made Improvements Homeowners Spent $359 Billion (During 2009-2011) Top Improvements Made to Units 417 million owner-occupied units with improvements Of 76.1 Milion Total Owner-Occupied Housing Units Owners spent a median of $3,200 on improve- ments to their homes. Shown below are the Appliances/ Majnr 35% Equipment 437 Milion Homeownars Made Improvements 37) median expenditures for selected projects. Almost 1 in 4 of Those Made Energy Efficency Improvements Flooring Paneling Ceiling 32% Bedrooms $2,500 Bathroom Remodels $2,432 Windows 10.4 Milion Made and Doo 20% Energy Eficency Improvements (2o Doors Windows $1,200 Kitchen Remodels $5,000 Patio/Terrace/Detached Deck $2,000 Garage $15,000 Recreation Rooms $3,000 Flooring/Paneling/Ceiling $1,200 HVAC $3,600 Disaster Repairs Number of Occupied Housing Units Many Projects Are Done by Homeowners 44 Mlion of 119 Milion Projects Tornada Hurricane A ANAN 606,000 De it Yourselfers Professionals Flood 229,000 Improvements Varied Widely in Cost 63% 37% Total Expenditures Number of Projects 7.5 Million |3.7 Million 9.8 Milion Roofing $43.7 Billion Kitchen Remodels $35.7 Binion HVAC $34.0 Billion 18.8 Million Flooring/Paneling/Celing Windows/Doors $33.2 Billion 8.9 Million 5.0 Million 3.5 Million I5 Million $24.1 Billion $23.1 Binion Bathroom Remodels Patio/Terrace/Detached Deck $13.4 Bition Recreation Room $3.5 Billion Source: U.S. Census Bureau and U.S. Department of Housing and Urban Development, 2011 American Housing Survey. HOW DO WE KNOW? Home Improvements When faced with a choice, many homeowners decide to improve their homes, rather than move. They modernize the kitchen, replace the roof, finish the basement, add a bathroom, or make their homes more energy efficient. The American Housing Survey (AHS), jointly administered by the Census Bureau and the Department of Housing and Urban Development, tracks home improvements as well as a variety of other housing topics. According to the AHS, "home improvements" exclude "routine maintenance," which is defined as regular maintenance activities necessary for the preventive care of the structure, property, and fixed equipment items. Roofing $4,559 Well Over Half Made Improvements Homeowners Spent $359 Billion (During 2009-2011) Top Improvements Made to Units 417 million owner-occupied units with improvements Of 76.1 Milion Total Owner-Occupied Housing Units Owners spent a median of $3,200 on improve- ments to their homes. Shown below are the Appliances/ Majnr 35% Equipment 437 Milion Homeownars Made Improvements 37) median expenditures for selected projects. Almost 1 in 4 of Those Made Energy Efficency Improvements Flooring Paneling Ceiling 32% Bedrooms $2,500 Bathroom Remodels $2,432 Windows 10.4 Milion Made and Doo 20% Energy Eficency Improvements (2o Doors Windows $1,200 Kitchen Remodels $5,000 Patio/Terrace/Detached Deck $2,000 Garage $15,000 Recreation Rooms $3,000 Flooring/Paneling/Ceiling $1,200 HVAC $3,600 Disaster Repairs Number of Occupied Housing Units Many Projects Are Done by Homeowners 44 Mlion of 119 Milion Projects Tornada Hurricane A ANAN 606,000 De it Yourselfers Professionals Flood 229,000 Improvements Varied Widely in Cost 63% 37% Total Expenditures Number of Projects 7.5 Million |3.7 Million 9.8 Milion Roofing $43.7 Billion Kitchen Remodels $35.7 Binion HVAC $34.0 Billion 18.8 Million Flooring/Paneling/Celing Windows/Doors $33.2 Billion 8.9 Million 5.0 Million 3.5 Million I5 Million $24.1 Billion $23.1 Binion Bathroom Remodels Patio/Terrace/Detached Deck $13.4 Bition Recreation Room $3.5 Billion Source: U.S. Census Bureau and U.S. Department of Housing and Urban Development, 2011 American Housing Survey.