Homeowners are springing more for upgrades to their homes, despite unknowns that have the potential to impact their spending—a full 60 percent more than what they spent in 2016, according to a new report by HomeAdvisor.
“Home improvement activity is showing resilience in the face of political shifts,” says Brad Hunter, chief economist at HomeAdvisor. “While there is a sharp divide in how homeowners feel about the economy and the current presidential administration, that divide is not affecting their willingness to take on home projects.”
Thirty-five percent of the homeowners surveyed for the report, the 2017 True Cost Report, are confident the Trump Administration will put policies in place that will improve their finances—but 80 percent will carry out upgrades, anyway.
The report also found:
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