Home Improvement Alerts

Home Improvement Cost and Savings

Tim Allen

From 1991 to 1999, Tim Allen–familiar to moviegoers as the voice of Buzz Lightyear from “Toy Story”–starred in a TV sitcom called “Home Improvement.” Allen’s amusing and self-assured character, Tim Taylor, hosted a fictional TV show called “Tool Time.”

These days, millions of Americans are starring in their own home improvement shows.

In 2013 alone, Americans are expected to spend more than $551 billion–that’s not a typo–on home improvement projects, according to the Remodeling Futures Program at Harvard University’s Joint Center for Housing Studies. By comparison, Americans forked over $476.4 billion for home improvement in 2012, the center says.

Home Improvement Boom
A survey from American Express indicates 72 percent of Americans will put at least one home improvement project on their to-do lists this year, with average spending of $4,000. That’s up from $3,500 in 2012.

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