From the 2019 census survey to the 2021 survey, complete projects grew 17% and spending grew 20%. Homeowners spent $624 billion on home repair and improvement projects during the two-year period coated by the 2021 American Housing Survey. This marks a doubling, from about $300 billion, in just a decade. The share of house owners “easily” in a place to pay for improvements decreased. Mary Makarushka is an assigning editor on the Home/Mortgages staff at NerdWallet, with a mission to create clear, engaging, actionable content to help customers navigate an increasingly challenging homebuying market.
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