Remodeling spending is expected to approach $340 billion in 2018, a 7.5 percent increase over last year, according to Harvard's Joint Center for Housing Studies.
More homeowners may be remodeling, but those that do high-end projects are seeing less value in those remodels.
The average payback in a home's resale value is 56 percent of the cost of the remodel.
Diana Olick Published 11:01 AM ET Wed, 24 Jan 2018
