New Homeowners Spend an Average of $10K on Improvements
Washington, DC, July 7, 2017—A new consumer spending analysis from the National Association of Home Builders (NAHB) highlights another reason why home building helps drive a healthy economy: in their first year of ownership, new home buyers spend about $10,601 on appliances, furnishings and home improvement projects—2.6 times as much as other home owners in a typical year.