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236: Will Home Renovation Costs Go Down in 2024 as Demand Begins to Dip? w/WSJ’s Ryan Dezember

On The Market

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Trends in Home Repair Industry and Cost Dynamics

This chapter explores the impact of the pandemic on the home repair industry, discussing the rise and fall of lumber prices, increased home improvement projects, and the recent slowdown in spending. It also analyzes cost dynamics in construction projects, including the decrease in new construction costs and the notable increase in remodeling project expenses, attributing these fluctuations to factors like labor shortages and large-scale construction projects.

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