Nearly three-quarters of homeowners are finding projects to be more expensive than originally budgeted, causing some to consider their renovation plans
RIVERWOODS, Ill., April 17, 2023–(BUSINESS WIRE)–Discover Home Loans issued a survey to understand how inflation and higher interest rates have impacted American homeowners’ sentiment around investing in their homes versus moving to new homes.
Inflation is significantly impacting homeowners’ desire to undertake home improvement projects, with 59% of survey respondents choosing to postpone their projects and 26% saying they will reduce the scope of their projects in the face of increased costs. That said, there remains strong demand