The Economic Impact of Remodeling: Insights from NAR’s 2024 Report 🏡✨
Home sales significantly impact local economies, contributing an average of $118,500 per transaction, according to the National Association of Realtors® (NAR). Of that amount, about $5,460—4.5%—is attributed to furniture purchases and remodeling. While this is a national average, local markets with older homes or new residents upgrading properties may see an even higher impact. The 2024 Remodeling Impact...