Number Of Home Renovations Higher Than Ever

Home renovation projects in the U.S. rose significantly this year, with Millennials spending the most, says a survey by HomeAdvisor. “The average home services spending for households who took on projects rose to $13,138, an increase over last year's survey results, where homeowners who did projects spent $9,081 on average," says Mischa Fisher, chief economist at HomeAdvisor. As the pandemic shifts the relationship homeowners have with their homes, they are shifting budgets to accommodate their new lifestyles for home improvement, maintenance, and repair projects.