According to American Express? Spending and Saving Tracker, there are some interesting statistics about home owners and home improvement in general.?? According to their 2012 Home Decision Report, only about 10% of Americans plan on buying a new home or looking for a new home.?? Some of it due to housing market confidence, and others who think they will not get the value out of their home.? This doesn?t seem surprising to me, since most parts of the country had a significant drop in property values which hasn?t recovered yet.
What I do find interesting is the number of people who were planning renovations.?? Almost 70% of homeowners had home improvement plans, and were planning on spending an average of $3,500 which is up $100 from last year.? A low percentage of people buying, an increased number of homeowners remodeling, and an increase in average spending, means that homeowners are trying to add value to their owners because they are planning on staying in them longer (as we all know, the best value is in the kitchen? and $3,500 can you get you a spectacular kitchen if you buy our cabinets!)
The one statistic that I am happy to see is the percentage that are looking to do it themselves.?? 72% of homeowners plan on doing the work, with the primary source for their inspiration being home improvement shows (roughly 42% of people stated tv shows as the primary source).?? Being that we are the largest participant in kitchen renovations on HGTV and DIY Network, this is a stat that I am happy to hear!
So if you were planning a kitchen renovation this year, you are not alone.? The majority of America is planning on doing the same thing, and getting their inspiration from the designs they see on the same shows that are using our cabinets for their designs!
This entry was posted in diy home improvement, diy network, diy remodeling, home improvement, home remodeling and tagged american express, home improvement, home improvement shows, home improvement statistics, home remodeling, kitchen renovation, rta kitchen cabinets, spending trends. Bookmark the permalink.jack and jill uss carl vinson holly marie combs unc basketball college basketball gunsmoke papelbon
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