✉news LifeHome & Garden first seen 22 h ago, last 21 h ago, peak #37
High interest rates stall the American home remodeling dream
Original: High interest rates are foreclosing on the American dream of home remodeling
Rising interest rates are putting home renovation projects out of reach for many American homeowners. Higher borrowing costs on loans and credit have made remodels and additions far more expensive, leaving families to delay or scale back plans for fixing up their homes. The trend is weighing on contractors and the wider home improvement market as demand cools.
Why now: High mortgage and loan rates are squeezing household budgets, making renovation costs a timely concern for homeowners.
US homeownersFederal Reservehome improvement industry
Evidence
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