Boomer, Millennial Homeowners to Drive Remodels Over Next Decade

Generational shifts are set to give rise to more investment in remodeling, as baby boomer homeowners adopt accessible living, Gen Xer homeowners complete put-off projects and millennials become homeowners, according to a recently released report by the Harvard University Joint Center for Housing Studies. Higher remodeling spending broadly signals confidence in the economy, household finances and the housing market.
The report, Demographic Change and the Remodeling Outlook, projects remodeling sp