Thanks to the coronavirus pandemic, Americans have a lot more time on their hands — and they’re spending that time at home.
Earlier in the health crisis, economists predicted that spending on renovation projects would actually dip across much of the country. But recent data show that there’s been a definite surge in interest in certain home improvement projects.
Just look at the lumber market: There’s now a shortage of pressure-treated lumber used to build decks across the country.
Meanwhile, the housing market has recovered well from the start of the pandemic, with home sales rising considerably thanks to pent-up demand among buyers fueled even further by record-low mortgage rates.
As a result, many homeowners may be considering the benefits of fixing up their home to make it more appealing to potential buyers — and a nicer place to live in the era of social distancing. And they may