HVP Magazine – Demand for home improvements down due to cost of living crisis, report finds
NEWS
DEMAND FOR HOME IMPROVEMENTS DOWN DUE TO COST OF LIVING CRISIS, REPORT FINDS
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New research from Rated People has revealed the construction industry is heading for a ‘home improvement squeeze’ in 2023, as tradespeople continue to battle with rising costs and lower homeowner demand.
Following the ‘home improvement boom’ where record numbers of homeowners improved their homes over the past few years – just 35% of homeowners are now definitely planning home improvements this year, which is a sizeable drop from 52% in 2022.
The findings come from this year’s edition of