The Rising Influence of Rising Affluence

[DewDiligence]

WY—US home remodeling at all-time high:

http://www.wsj.com/articles/spending-on-home-improvement-is-set-to-pick-up-as-building-pace-slows-1471771801

Spending on single-family home construction remains 40% below the levels of a decade ago, but new forecasts project that U.S. investment in residential remodeling and repairs this year will surpass records set during the housing boom.

Expense for repairs and remodeling is expected to surpass $300 billion this year, according to forecasts from John Burns Real Estate Consulting and the Harvard Joint Center for Housing Studies, ahead of the previous high of about $285 billion in 2007.