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NAHB Releases Remodeling by Zip Code Estimates for 2018

By Feux Follets following x   2018 May 28, 4:38am 92 views   0 comments   watch   sfw   quote     share    

With this post NAHB announces the release of its latest estimates of spending on improvements to owner-occupied homes at the zip code level.

The new estimates are for calendar year 2018 and include the number of owner-occupied homes, the number with improvement spending during the year, the average spending per improved home, total spending on improvements within the zip code, and the drivers of remodeling activity used to generate the spending estimates, in each of over 26,000 5-digit zip code areas across the country.

The new estimates show that, in the average zip code, owners who improve their homes in 2018 will spend $7,893 per home; but, as you would expect in a country as large as the U.S., there is considerable variation.

As the map below shows, there are many zip code areas where spending per improved home is under $5,5000, and many where it is over $11,000. Zip codes with high spending per improved home tend to cluster around large metro areas—especially in the Northeast.

More: http://eyeonhousing.org/2018/05/nahb-releases-remodeling-by-zip-code-estimates-for-2018/

#Housing #Remodeling
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