As reported by the Wall Street Journal, Americans have more than $35 trillion in home equity — that’s an average of about $400,000 per U.S. homeowner, John Burns Research & Consulting estimates.
“We think there’s $30 billion in remodeling spending just sitting on the sidelines today, waiting to be spent,” Matthew Saunders, senior vice president of building products research at John Burns told the Wall Street Journal. In the John Burns poll, respondents broke out into two groups: 30+-year-olds planning work in the $60,000 range, and older homeowners planning on $30,000 worth of upgrades.
