Rising building material and labor costs may finally be deterring homeowners from making home renovations.
And despite a decrease in the volume of remodel activity, homebuilder confidence persists, according to the BuildFax Housing Health Report.
CLICK HERE to see are additional findings below from report:
- The outlook for 2022 amid inflation and the persistent housing shortage
- Causes of a 2.87% decrease in remodel projects and 9.39% increase in costs
- Challenges considering the backlog of housing starts