A Quick Overview of Home Remodeling Statistics

It is common for homeowners to wish their homes to be remodeled as it gives them a sense of contentment to live in such a nice place. And who wouldn't...


It is common for homeowners to wish their homes to be remodeled as it gives them a sense of contentment to live in such a nice place. And who wouldn’t want that? There are thousands of residences that are remodeled anually to satisfy the wish of some homeowners. Recent home remodeling statistics yield interesting facts as a study made by Germany’s Institute for the Study of Labor indicate that not only residents of a certain country aspire for better homes. In fact, even immigrants are also keen on developing their homes since they end up being homeowners themselves. The 2007 study also reported that a higher percentage of homeownership is still practiced in the US ( 63% ) as compared to Germany’s 42%.

Because of this trend, home remodeling statistics has increased as more and more homeowners engage in developing their properties but recently, statistics have dropped by as much as 9% which can be attributed to the recent depression. Some homeowners delayed home remodeling or cut off their budget by 3.5 to 4.5% since they can still manage to live in the house comfortably. Nonetheless, homeremodeling enterprises are still going for the immigrant homeowners market that loves the idea of living in a beautiful home. It is because a house is an indicator of social status, wealth, and prestige among immigrasnt groups.

There were several home remodeling projects that were recorded by the Joint Center for Housing Studies at Harvard University. This study showed interesting data on home remodeling statistics of immigrants. It seems that the immigrants concentrated more on remodeling their kitchens and bathrooms during 2002 to 2007. This just shows the importance of food preparation and meals among some cultures as these activities makes the family members more attached to each other. Bathroom remodeling was the next option since the immigrants wanted to experience a toilet that is decent and clean. In addition, some immigrant cultures usually takes more baths and thus the reason for focusing on remodeling the bathroom.

Home modeling statistics can be browsed in the websites of national agencies that manage housing projects. Also, certain websites that deals with the housing industry publish papers related to the trends in housing.

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