Realtor.com paints picture of pending projects

For those looking for good news to counter the disappointing June housing starts statistics from the Commerce Department (down 9% from May), consider the following from Realtor.com.



Of more than 1,500 visitors to the real estate website in May, more than two-thirds say they are planning home renovations within the next six months. And these are serious renovations, according to the survey data. The most common budget range is $2,000 to $5,000 with 22%. Not far behind is $20,001 to $50,000 with 14%, and $10,000 to $20,000 with 18%.



The top reasons for the remodeling are greater enjoyment of the home and improved appearance, according to the Home Improvement Survey. And the kitchen and bathroom are expected to receive the lion’s share of attention.