Do-It-Yourself Jobs Fuel $419 Billion Home-Renovation Boom
Photographer: Krisztian Bocsi/Bloomberg
The pandemic pushed Americans to spend on their homes like never before, tackling do-it-yourself projects with a newfound fervor after years of favoring contractors.
Total spending on home improvement and repairs climbed an estimated 3% last year to $419 billion, despite a slowdown in the broader U.S. economy, researchers from Harvard University’s Joint Center for Housing Studies said in a study released Thursday.