Table A-1 ..........................
Total Homeowner Improvement Expenditures: 2007
Table A-2 ..........................
Professional and Do-It-Yourself Home Improvement Expenditures: 2007
Table A-3 ..........................
Total Improvement Expenditures by Homeowner Characteristics: 2007
Table A-4 ..........................
Professional and Do-It-Yourself Improvement Expenditures by Homeowner Characteristics: 2007
Table A-5 ..........................
Single-Family Prices and Sales by Metropolitan Area:
Recent Peak to 2008:3
Table A-6 ..........................
House Price Appreciation and Share of Home Improvement Costs
Recovered in Metropolitan Areas: 2005–2008
Table A-7 ..........................
Homeowner Improvement Expenditures, House Values, and Household Income in Selected Metropolitan Areas
The following Web tables provide historical data on improvement spending and additional homeowner detail such as income quintiles, nativity, metro status, and recent mover status.
Go to www.jchs.harvard.edu and click on the report cover.
Table W-1 .........................
Total Homeowner Improvement Expenditures: 1995–2007
Table W-2 .........................
Professional Home Improvement Expenditures: 1995–2007
Table W-3 .........................
Do-It-Yourself Home Improvement Expenditures: 1995–2007
Table W-4 .........................
Total Improvement Expenditures by Homeowner
Characteristics: 1995–2007
Table W-5 .........................
Professional Improvement Expenditures by Homeowner
Characteristics: 1995–2007
Table W-6 .........................
Do-It-Yourself Improvement Expenditures by Homeowner
Characteristics: 1995–2007
The Remodeling Market in Transition J o i n t C e n t e r F o r H o u s i n g s t u d i e s o F H a r va r d u n i v e r s i t y 28
Table A-1
Kitchen Remodels
Minor
Major
Bath Remodels
Minor
Major
Room Additions and Alterations
Kitchen
Bath
Created finished bathroom from unfinished space
Added bathroom onto home
Bathroom created through structural changes
Bedroom
Created finished bedroom from unfinished space
Added bedroom onto home
Bedroom created through structural changes
Other
Created finished recreation room from unfinished space
Created other finished inside room from unfinished space
Added other inside room onto home
Other room created through structural changes
Outside Attachments
Deck/Porch
Added porch onto home
Added deck onto home
Garage/Carport
Added attached garage onto home
Added carport onto home
Systems and Equipment
Plumbing/Pipes
Electrical System
Plumbing Fixtures
HVAC
Added/replaced central air conditioning
Added/replaced built-in heating equipment
Appliances/Major Equipment
Added/replaced water heater
Added/replaced built-in dishwasher
Added/replaced garbage disposal
Added/replaced security system
Exterior Additions and Replacements
Roofing
Siding
Windows/Doors
Interior Additions and Replacements
Insulation
Flooring/Paneling/Ceiling
Added wall-to-wall carpeting over finished floor
Added other types of flooring such as wood, tile, marble, or vinyl
Installed paneling or ceiling tiles
Other
Disaster Repairs
Other Property Additions and Replacements
Added other outside structure
Septic tank
Driveways or walkways
Fencing or walls
Patio, terrace, or detached deck
Swimming pool, tennis court, or other recreational structure
Shed, detached garage, or other building
Other major improvements or repairs to lot or yard
Total
Homeowners Reporting Projects
(000s)
1,387
1,033
1,587
1,206
38
181
112
165
333
169
291
354
563
386
494
339
555
81
84
1,580
2,538
4,194
2,096
2,270
3,152
2,514
1,649
988
3,384
1,204
4,614
1,645
3,096
5,378
2,092
937
916
286
202
2,112
2,390
1,453
513
1,197
682
21,786
Average Expenditure
($)
2,854
22,193
1,340
10,995
30,037
5,999
12,990
5,656
10,353
49,073
5,847
8,517
9,476
29,920
7,611
5,874
4,432
18,825
3,003
1,396
1,334
947
3,533
2,535
571
543
233
1,106
5,184
5,343
2,790
1,457
1,982
2,049
1,570
5,256
13,872
7,062
4,666
3,108
2,134
3,294
12,627
3,722
3,997
10,465
Total Expenditures
(Millions of $)
3,957
22,930
2,126
13,255
2,205
3,386
3,973
7,405
5,756
1,799
1,366
384
1,092
1,151
1,088
1,460
932
3,448
8,271
1,699
3,012
5,333
11,564
3,763
1,993
2,460
1,526
252
17,546
6,432
12,875
2,397
6,134
11,019
3,284
4,924
12,700
2,020
944
6,564
5,100
4,786
6,481
4,456
2,728
227,979
Notes: Numbers of homeowners do not add to total because homeowners may report projects in more than one category. Household totals were estimated using American Housing Survey and American Community Survey data. Major remodels are defined as professional home improvements of more than $10,000 for kitchen projects and more than $5,000 for bath projects, and D-I-Y improvements of more than $4,000 for kitchen projects and $2,000 for bath projects.
Source: JCHS tabulations of the 2007 American Housing Survey (AHS).
The Remodeling Market in Transition J o i n t C e n t e r F o r H o u s i n g s t u d i e s o F H a r va r d u n i v e r s i t y 29
Table A-2
Kitchen Remodels
Minor
Major
Bath Remodels
Minor
Major
Room Additions and Alterations
Kitchen
Bath
Bedroom
Other
Outside Attachments
Deck/Porch
Garage/Carport
Systems and Equipment
Plumbing/Pipes
Electrical System
Plumbing Fixtures
HVAC
Appliances/Major Equipment
Exterior Additions and Replacements
Roofing
Siding
Windows/Doors
Interior Additions and Replacements
Insulation
Flooring/Paneling/Ceiling
Other Interior
Disaster Repairs
Other Property Additions and Replacements
Homeowners
Reporting Projects
(000s)
Professional
Average
Expenditure
($)
758
572
749
622
19
231
276
730
416
78
903
1,602
1,982
2,936
4,285
2,707
776
2,733
727
4,836
644
728
3,953
4,001
29,790
2,000
15,842
35,904
11,622
36,941
24,735
8,533
13,599
1,783
1,700
1,433
4,058
821
5,810
6,673
3,801
2,240
3,284
5,801
13,087
6,740
Total
Expenditures
(Millions of $)
3,032
17,034
1,499
9,858
666
2,687
10,209
18,062
3,546
1,066
1,611
2,724
2,839
11,914
3,520
15,728
5,177
10,387
1,628
15,883
3,737
9,528
26,645
Homeowners
Reporting Projects
(000s)
629
461
837
583
677
428
1,881
20
191
415
850
443
87
676
936
2,212
556
2,776
918
3,467
336
187
3,050
Total 15,957 11,216 178,979 10,897
Notes: Numbers of homeowners do not add to total because homeowners may report projects in more than one category. Household totals were estimated using American Housing Survey and
American Community Survey data. Major remodels are defined as professional home improvements of more than $10,000 for kitchen projects and more than $5,000 for bath projects, and D-I-Y improvements of more than $4,000 for kitchen projects and $2,000 for bath projects. Job categories are aggregations of the detailed projects reported in the AHS (see Table A-1).
Source: JCHS tabulations of the 2007 AHS.
Do-It-Yourself
Average
Expenditure
($)
1,470
12,778
750
5,824
24,536
4,156
7,729
6,598
2,048
8,218
837
1,314
3,534
16,923
2,109
879
707
513
2,241
404
2,685
2,934
1,323
4,496
Total
Expenditures
(Millions of $)
924
5,896
628
3,397
594
662
1,134
1,247
1,122
485
793
3,209
5,610
907
712
1,819
1,256
2,488
768
4,555
1,187
3,172
6,434
49,000
The Remodeling Market in Transition J o i n t C e n t e r F o r H o u s i n g s t u d i e s o F H a r va r d u n i v e r s i t y 30
Table A-3
Number of
Homeowners
(000s)
75,512
Homeowners Reporting
Projects
(000s)
21,786 Total
Income (2007 dollars)
Under $40,000
$40–79,999
$80–119,999
$120,000 and Over
Home Value (2007 dollars)
Under $100,000
$100–149,999
$150–199,999
$200–249,999
$250–399,999
$400,000 and Over
Age of Household Head
Under 35
35–44
45–54
55–64
65 and Over
Generation
Echo Boom (Born 1975 and later)
Generation X (Born 1965–74)
Younger Baby Boom (Born 1955–64)
Older Baby Boom (Born 1945–54)
Matures (Born 1935–44)
Seniors (Born before 1935)
Race/Ethnicity
White
Black
Hispanic
Asian/Other
Spending Level (2007 dollars)
$0
$1–2,499
$2,500–4,999
$5,000–9,999
$10,000–19,999
$20,000–34,999
$35,000–49,999
$50,000 and Over
24,704
23,777
14,121
12,902
18,594
10,991
9,608
7,390
13,810
15,119
9,249
14,990
18,091
15,041
18,141
5,127
12,724
17,578
16,874
11,196
12,012
59,586
6,096
6,137
3,693
53,726
9,318
3,638
3,760
2,579
1,212
475
804
6,105
6,978
4,432
4,266
4,758
3,208
2,863
2,202
4,276
4,479
1,554
3,854
5,262
5,020
3,138
2,957
2,858
4,467
5,407
4,410
4,644
17,491
1,553
1,792
950
9,318
3,638
3,760
2,579
1,212
475
804
Note: Income data exclude households not reporting income.
Source: JCHS tabulations of the 2007 AHS.
Total
Expenditures
(Millions of $)
227,979
25,080
55,566
60,986
50,821
35,526
12,370
44,852
61,334
58,426
32,056
18,940
36,511
55,737
47,442
88,271
22,423
17,549
19,465
19,288
49,304
99,949
188,941
11,652
17,611
9,774
8,316
12,779
26,038
35,554
30,988
19,525
94,780
The Remodeling Market in Transition J o i n t C e n t e r F o r H o u s i n g s t u d i e s o F H a r va r d u n i v e r s i t y 31
Table A-4
Total
Income (2007 dollars)
Under $40,000
$40–79,999
$80–119,999
$120,000 and Over
Home Value (2007 dollars)
Under $100,000
$100–149,999
$150–199,999
$200–249,999
$250–399,999
$400,000 and Over
Age of Household Head
Under 35
35–44
45–54
55–64
65 and Over
Generation
Echo Boom (Born 1975 and later)
Generation X (Born 1965–74)
Younger Baby Boom (Born 1955–64)
Older Baby Boom (Born 1945–54)
Matures (Born 1935–44)
Seniors (Born before 1935)
Race/Ethnicity
White
Black
Hispanic
Asian/Other
Spending Level (2007 dollars)
$0
$1–2,499
$2,500–4,999
$5,000–9,999
$10,000–19,999
$20,000–34,999
$35,000–49,999
$50,000 and Over
Note: Income data exclude households not reporting income.
Source: JCHS tabulations of the 2007 AHS.
Number of
Homeowners
(000s)
75,512
24,704
23,777
14,121
12,902
59,555
5,247
2,866
3,220
2,298
1,132
451
743
18,594
10,991
9,608
7,390
13,810
15,119
9,249
14,990
18,091
15,041
18,141
5,127
12,724
17,578
16,874
11,196
12,012
59,586
6,096
6,137
3,693
Professional
Homeowners
Reporting Projects
(000s)
15,957
Total
Expenditures
(Millions of $)
178,979
4,410
4,773
3,263
3,507
12,776
1,291
1,200
689
5,247
2,866
3,220
2,298
1,132
451
743
3,027
2,257
2,072
1,594
3,338
3,670
997
2,634
3,638
3,777
2,455
2,456
1,850
3,124
3,829
3,361
3,794
26,899
40,875
36,091
75,111
4,761
8,969
19,532
27,051
24,827
15,921
77,919
15,874
12,894
14,156
14,053
37,904
84,098
16,886
42,102
46,160
42,155
31,676
7,851
34,121
44,458
47,785
27,894
16,871
148,417
9,395
12,884
8,283
Number of
Homeowners
(000s)
75,512
Do-It-Yourself
Homeowners
Reporting Projects
(000s)
10,897
Total
Expenditures
(Millions of $)
49,000
24,704
23,777
14,121
12,902
18,594
10,991
9,608
7,390
13,810
15,119
9,249
14,990
18,091
15,041
18,141
5,127
12,724
17,578
16,874
11,196
12,012
59,586
6,096
6,137
3,693
64,614
5,167
1,694
1,701
1,284
550
203
298
2,745
3,836
2,437
1,877
8,814
586
1,033
465
5,167
1,694
1,701
1,284
550
203
298
2,658
1,771
1,485
1,168
2,026
1,790
1,046
2,323
3,009
2,374
1,315
830
1,865
2,614
2,919
2,016
1,483
9,612
14,862
11,351
13,160
3,555
3,810
6,506
8,503
6,161
3,604
16,861
6,549
4,656
5,309
5,236
11,400
15,851
8,194
13,464
14,827
8,665
3,850
4,519
10,731
16,877
10,642
4,162
2,069
40,525
2,256
4,727
1,491
The Remodeling Market in Transition J o i n t C e n t e r F o r H o u s i n g s t u d i e s o F H a r va r d u n i v e r s i t y 32
Table A-5
Metro Area
Atlanta, GA
Austin, TX
Baltimore, MD*
Birmingham, AL
Boston, MA*
Buffalo, NY*†
Charlotte, NC
Chicago, IL
Cincinnati, OH
Cleveland, OH*
Columbus, OH
Dallas, TX
Denver, CO*
Detroit, MI*
Hartford, CT
Houston, TX†
Indianapolis, IN
Jacksonville, FL*
Kansas City, MO
Las Vegas, NV*
Los Angeles, CA*
Louisville, KY
Memphis, TN
Miami, FL
Milwaukee, WI
Minneapolis, MN*
Nashville, TN
New Orleans, LA
New York, NY
Oklahoma City, OK*
Orlando, FL*
Philadelphia, PA
Phoenix, AZ*
Pittsburgh, PA*
Portland, OR
Providence, RI*
Raleigh, NC
Richmond, VA*
Riverside, CA*
Rochester, NY
Sacramento, CA*
San Antonio, TX
San Diego, CA*
San Francisco, CA*
San Jose, CA*
Seattle, WA
St. Louis, MO*
Tampa, FL*
Virginia Beach, VA*
Washington, DC*
Median Sales Price of Single-Family Homes
Peak Since 2003:3 2008:3
Thousands of $
406
121
384
155
619
820
853
392
275
236
272
121
296
297
233
235
150
230
248
442
145
394
224
242
185
181
473
137
265
156
124
196
158
321
597
140
211
278
146
142
153
153
251
166
174
190
289
166
414
108
Quarter
Thousands of $
225
117
209
152
371
612
647
349
209
232
184
117
275
243
221
215
135
169
235
328
122
291
210
201
177
164
443
131
244
156
113
175
144
210
383
133
202
243
132
111
138
147
219
125
148
189
272
155
357
108
Percent
Change
-45
-3
-46
-2
-40
-25
-24
-11
-24
-2
-32
-4
-7
-18
-5
-9
-10
-27
-5
-26
-16
-26
-6
-17
-4
-9
-6
-5
-11
-9
-34
-36
-5
-8
0
-9
-4
-12
-9
-22
-9
-4
-13
-25
-15
-14
0
0
-6
-7
2006:4
2007:4
2005:4
2008:1
2005:4
2007:3
2007:4
2007:3
2006:4
2007:2
2006:1
2007:3
2007:3
2005:3
2007:4
2007:1
2006:1
2006:2
2007:2
2005:4
2005:4
2005:4
2007:3
2006:1
2007:2
2005:4
2007:1
2007:4
2007:2
2008:3
2005:1
2007:1
2005:4
2006:1
2007:1
2006:3
2007:1
2008:2
2007:1
2006:1
2006:2
2008:3
2007:3
2007:3
2005:4
2005:2
2005:4
2005:4
2006:1
2005:3
Thousands
116
22
56
48
44
50
19
73
67
82
125
33
54
24
31
31
72
75
31
119
39
96
19
72
52
21
180
44
21
163
42
47
60
74
119
34
48
202
57
45
51
151
57
78
143
48
56
34
61
22
* Metros where home sales were beginning to recover by 2008:3.
† Metros with no decline in median sales price as of 2008:3.
Notes: Home sales prices are seasonally adjusted. Home sales are at a seasonally adjusted annual rate. Selected metro areas were the top 50 in total housing units in 2004.
Sources: NAR; Moody’s Economy.com; and American Community Survey.
Sales of Single-Family Homes
Peak Since 2003:3 2008:3
Quarter
2005:3
2003:4
2004:1
2006:2
2004:2
2003:4
2008:3
2005:3
2004:2
2005:4
2005:1
2004:2
2005:3
2005:3
2007:1
2005:1
2005:2
2005:2
2004:4
2004:3
2005:4
2004:2
2006:1
2004:2
2006:2
2004:2
2005:3
2005:3
2005:1
2007:1
2006:1
2005:3
2005:1
2004:1
2004:1
2006:4
2006:2
2006:1
2004:4
2006:1
2005:3
2003:4
2007:1
2005:3
2005:4
2006:1
2005:3
2006:2
2005:3
2003:4
Thousands
70
18
43
35
35
43
19
33
30
49
84
23
27
18
19
22
56
37
22
64
19
35
12
43
32
12
115
34
11
125
32
25
36
55
99
23
26
108
39
37
35
109
42
44
83
36
25
18
45
17
Percent
Change
-40
-19
-23
-28
-20
-13
0
-54
-55
-40
-33
-31
-50
-27
-39
-28
-21
-51
-30
-47
-51
-63
-37
-40
-38
-42
-36
-24
-47
-23
-23
-45
-39
-25
-16
-32
-46
-47
-32
-19
-32
-28
-26
-44
-42
-25
-54
-47
-26
-24
The Remodeling Market in Transition J o i n t C e n t e r F o r H o u s i n g s t u d i e s o F H a r va r d u n i v e r s i t y 33
Table A-6
Change in Median Sales Price of Single-Family Homes
(Percent)
Cost Recovery Share
(Percent)
Metro Area
Low Appreciation Metro Areas
Buffalo, NY
Cincinnati, OH
Columbus, OH
Dallas, TX
Denver, CO
Houston, TX
Indianapolis, IN
Kansas City, MO
Knoxville, TN
Louisville, KY
Memphis, TN
Salt Lake City, UT
Tulsa, OK
Wichita, KS
Average
Moderate Appreciation Metro Areas
Albuquerque, NM
Atlanta, GA
Boise, ID
Boston, MA
Chicago, IL
Madison, WI
Milwaukee, WI
Minneapolis, MN
New Orleans, LA
Pittsburgh, PA
Raleigh, NC
San Antonio, TX
St. Louis, MO
Average
High Appreciation Metro Areas
Baltimore, MD
Hartford, CT
Jacksonville, FL
Las Vegas, NV
Miami, FL
New York, NY
Orlando, FL
Phoenix, AZ
Portland, OR
Richmond, VA
Sacramento, CA
San Diego, CA
San Francisco, CA
Washington, DC
Average
2001:3–2005:3
30
22
43
37
34
19
26
39
41
36
26
30
19
31
12
19
6
16
16
12
13
9
18
16
14
18
15
18
14
120
97
52
111
87
104
88
47
57
104
48
70
106
139
73
2005:3–2008:3
13
-12
-2
-12
3
0
24
-14
-9
4
13
13
-3
1
-12
10
-8
-7
10
-9
-8
2
4
-2
-13
26
12
13
1
0
-3
-5
-32
-25
-2
-18
-30
10
2
-46
-39
-15
-24
-16
2005
90
74
82
77
90
66
86
102
99
92
81
76
85
85
79
82
73
60
91
82
78
77
88
71
76
68
70
70
76
98
82
92
74
118
119
107
106
90
94
101
109
127
114
102
2006
70
67
62
67
61
62
65
78
99
65
68
79
68
62
70
86
81
105
89
86
86
85
83
85
85
66
89
75
99
87
Notes: Only equivalent project types were compared in each year. Sample includes 41 metropolitan areas in the Cost vs. Value Survey between 2005 and 2008 that had at least 10 survey responses in each year. Appreciation categories contain a similar number of metro areas. Low appreciation metro areas had the smallest increase (6–18%) in the median sales price of existing single-family homes between 2001:3 and 2005:3. High appreciation metro areas had the largest increase (44–140%) in median sales price.
Sources: JCHS tabulations of Remodeling magazine, Cost vs. Value Survey; NAR; and Moody’s Economy.com.
84
75
69
73
91
58
94
76
81
76
74
77
65
76
2007
64
80
57
55
49
61
62
66
82
67
78
76
72
69
67
78
83
65
61
79
68
73
69
77
70
65
83
64
72
77
80
100
74
78
73
76
85
82
67
66
73
77
85
82
The Remodeling Market in Transition J o i n t C e n t e r F o r H o u s i n g s t u d i e s o F H a r va r d u n i v e r s i t y
74
83
93
64
74
68
77
73
69
68
66
72
73
83
75
72
66
63
62
71
64
73
72
63
62
65
70
63
67
2008
63
70
57
59
51
60
59
66
87
64
70
68
79
61
65
-27
-26
-34
-51
-28
-39
-29
-17
-25
-31
-16
-20
-1
-35
-45
-18
-8
-19
-15
-19
-2
-14
-30
-37
-30
-15
-6
-22
-18
Change 2005 vs. 2008
(Percentage points)
-16
-12
-16
-1
-40
-22
-19
-11
-1
-7
9
-9
-6
0
-11
34
Table A-7
Metro Area
Boston, MA
Chicago, IL
Cleveland, OH
Dallas, TX
Denver, CO
Detroit, MI
Houston, TX
Los Angeles, CA
Miami, FL
Minneapolis, MN
New York, NY
Philadelphia, PA
Phoenix, AZ
San Diego, CA
San Francisco, CA
Seattle, WA
Washington, DC
Average Annual
Improvement Expenditures
2000–2007
2,837
2,309
4,377
4,336
1,985
4,211
2,328
3,994
3,370
3,237
3,490
$4,137
2,995
2,027
2,196
2,200
2,312
Notes: Includes metro areas with at least $1 billion in total annual home improvement spending. Metro areas are aggregated from 1980 PMSA and CMSA codes available in the AHS.
Source: JCHS tabulations of the 2001–2007 AHS.
Median Reported
House Value
2007
110,000
550,000
265,000
225,000
400,000
243,000
225,000
525,000
700,000
360,000
429,000
$350,000
250,000
122,500
124,000
240,000
150,000
Median Reported
Household Income
2007
71,300
77,000
50,000
73,000
81,000
70,000
58,000
77,000
95,480
69,500
90,000
$72,625
71,000
45,000
63,000
75,000
57,550
The Remodeling Market in Transition J o i n t C e n t e r F o r H o u s i n g s t u d i e s o F H a r va r d u n i v e r s i t y 35