Unexpected Surge in Renovation Projects July 07, 2021 Home-improvement spending normally lags during recessions, but COVID-19 sparked an unexpected surge in do-it-yourself renovation and maintenance projects. Many households whose finances held up during the pandemic devoted time and money to making their indoor and outdoor living spaces more functional and comfortable for working, learning, and recreation. Learn More about Home Equity Sources: Joint Center for Housing Studies of Harvard University, 2020; 2020 Cost vs. Value Report, Remodeling magazine (national averages) Copyright 2006-2021 Broadridge Investor Communication Solutions, Inc. All rights reserved. Broadridge Investor Communication Solutions, Inc. does not provide investment, tax, or legal advice. The information presented here is not specific to any individual’s personal circumstances.