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Home improvement spending elevated over the last year by 12% to a mean of $9,542, and the variety of initiatives decreased from an average of 3.2 projects in 2022 to 2.eight projects per household in 2023. The improve in home improvement spending coupled with a slight decrease in complete initiatives suggests that inflation is reasonably impacting home improvement. Additionally, the top-cited purpose for not completing home tasks this yr was as a result of higher than anticipated costs or estimates. However, despite the reasonable impression of inflation, homeowners are nonetheless enhancing their home, particularly over the past five years. In…