Appendix Tables

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Appendix Tables

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

Total Homeowner Improvement Expenditures: 2007

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

Professional and Do-It-Yourself Home Improvement Expenditures: 2007

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

Total Improvement Expenditures by Homeowner Characteristics: 2007

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

Professional and Do-It-Yourself Improvement Expenditures by Homeowner Characteristics: 2007

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

Single-Family Prices and Sales by Metropolitan Area: Recent Peak to 2008:3

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

House Price Appreciation and Share of Home Improvement Costs Recovered in Metropolitan Areas: 2005–2008

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

Homeowner Improvement Spending, House Values, and Household Income in Selected Metropolitan Areas

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

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