Expenditures for home improvements are anticipated to decline in most of the nation's largest 47 largest metropolitan areas this year in response to the economic impacts of the coronavirus (COVID-19) pandemic, according to new projections by the Remodeling Futures Program at the Joint Center for Housing Studies (JCHS) of Harvard University.
Prior to the pandemic, the JCHS projected nearly all of the 47 tracked metros would see slowdowns in improvement spending through 2020. Through the JCHS's standard methodology projections, 37 metros were projected to experience between 1% and 5% spending growth and nine metros were projected to experience spending declines.
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