Harvard Remodeling Study

The Joint Center for Housing Studies of Harvard University recently released its Remodeling Market in Transition report.

Among other things, it notes how from 1995 to 2007, spending on improvements doubled, but from 2007 to 2008 spending has already dropped by 16%. It is expected that spending will decrease much further with 2009's problems. The report also tracks the type of improvements over time, and also what type of homeowner is making the improvements.

It's an interesting study. I recommend you check it out.