Industry Survey Says Homeowners Are Delaying Remodeling Projects

There’s tremendous interest from American homeowners in making their living spaces healthier, safer and more resilient, but many are holding off on starting projects, according to home improvement platform Houzz in its latest survey.

“One in seven homeowners has put their home renovation project on hold (15%),” according to results from its online survey published September 6. “Faced with inflation and rising interest rates, many homeowners have been forced to reevaluate their ability to pursue immediate improvements,” commented the firm’s staff economist Marine Sargsyan in the survey summary.