Inflation is threatening the reconstruction industry
According to him, the strength is supported for a long time, the aging of houses and households, as well as higher property values. However, you need more investment to resolve increased demand or growing demand.
The report shows that in 2019, in 2019, accelerating $ 404 billion in 2019 to $ 411 billion in 2019 and accelerated repair costs to $ 40 billion. It is expected to remain over $ 600 billion by 2025.
Roofing, windows and heat, ventilation and air conditioning (HVAC) are 49% of the latest data in 2023. The average landlord spent about $ 4,700 for improvement this year.
Looking at the repair and repair market by demographic, JCHS contributes more to the market of the house to improve the house. They accounted for 23% of improvement costs in 2003. Immigrant hosts also have an increasing part of the market, from 8% to 13% to 13% to 13% in the 2003 costs in 2023.
JCHS, in 2023, the hosts contributed 27% to 27% of the total development costs in 2003.
In the last two decades, the number of homeowners over the age of 65 increased by 12 million and the share of all householders increased from 24% to 34%. At the same time, the average annual spending of each increased by $ 3,800 in inflation in 2023 to $ 3,800 – increased by 48% of all households.
At the same time, the nation's housing reserves is older, and in 2023, the age of 44 years old is the necessary revolution. The houses built before 1980 saw the average development costs for houses built since 2010 and maintenance costs were 76% higher. Many live in accommodation with lack of structural disadvantages or key features such as water, electricity or heat.
“It is also a moral imperative to expand landscaping and repair services for homeowners and expand repair services,” Sofia Wedeen, JCHS is a senior scientific analytics. “More financing means and consulting programs can also help protect shareholdings and ensure that all households live in a safe and adequate apartment.”
Modern day concerns
The frequency and intensity of hurricanes, wild and floods increased the costs for disaster-based repairs in 2022 and 2023 to $ 49 billion. As a result, 17% increased between 2021 and 2023.
In 2023, the hosts spent $ 139 billion in influence $ 139 billion in 2003 to influence home use.
“Each energy-related improvement, reducing greenhouse gas waste, increase the efficiency of housing and reducing the efficiency of housing,” said Carlos Martín, Director of the repaired futures program in JCHS.
Labor deficiency is another obstacle to repair and repair work. The study demonstrated in an industrialized industry, which has large shares of self-employed contractors.
Recent suggestions and JCHS think that the industry will prevent the high cost of construction materials and labor. Between 2015-2023, majority of repairmen, carpenters, electrical and plumbers, expressed a lack of qualified trading workers.
The industry also relys on immigrants, which accounts for 34% of the construction artisans in 2023.
“Given the strong foundation and increased needs, the reconstruction of residential repairs is expected to remain a huge economic sector in the years,” he said, JCHS director. “And despite unparalleled spending in the last few years, you need to invest more in energy efficiency, durability of disasters and improvements to 145 million homes.”
