Census Bureau infographic shines light on home investment

Posted: April 20, 2013 in Arroyo Grande, California Real Estate News, Grover Beach, National Real Estate News, Nipomo, Oceano, Pismo Beach, Rancho Grande, San Luis Obispo

The Census Bureau has released an infographic that illustrates the level of commitment among many homeowners to improving their homes, highlighting some of the most common-remodeling projects and tallying up $359 billion in total investments from 2009 through 2011.

“When faced with a choice, many homeowners decide to improve their homes, rather than to move. They modernize the kitchen, replace the roof, finish the basement, add a bathroom, or make their home more energy efficient,” the U.S. Census Bureau said in a statement. 

More than half of homeowners made improvements to their homes during between 2009 to 2011, according to data from the American Housing Survey (AHS), which is administered jointly by the Census Bureau and the Department of Housing and Urban Development (HUD). The median investment in a home-improvement project during that period, which was characterized by depressed home prices, was $3,200. 

The top home improvements were made to appliances/major equipment (35 percent), flooring/paneling/ceiling (32 percent) and windows and doors (20 percent).  

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