Home
Global Supplier Directory
APPLIANCE Engineer
Supplier Solutions
APPLIANCE Line
Whitepaper Library
Calendar of Events
Association Locator
Contents Pages
Market Research
Subscription Center


 
Daily News

Report: 10% of Americans Plan Move in 2012; 70% Plan to Spruce up Homes
Apr 3, 2012
 Printable format
 Email this Article
 Search

10% of Americans plan to move to a new home, condo, or apartment in 2012, according to the latest American Express Spending & Saving Tracker. 10.3 million adults plan on purchasing a new home, condor, or apartment. 9.9 million adults plan on renting.

70% of homeowners plan on some kind of home improvement project this year. They plan to spend $3500, on average - that's up $100 from $3400 in 2011.

Among all homeowners:
* 70% have home improvement plans for 2012 (up from 64% in 2011)
* 58% plan to remodel indoors (up from 55% in 2011)
* 35% plan to remodel outdoors (up from 29%)

Claire Bennett, EVP Loyalty & Membership Benefits, American Express, has not seen big changes in consumer confidence in the real estate market, but is seeing more consumer intent to spend on improvements. "Purchases of new furniture, appliances and even re-doing a room or outdoor space are all part of the upgrade equation," she said.

The types of home improvement planned among all homeowners:
* Cosmetic work, such as painting, furniture, or organization: 37% (it was also 37% in 2011)
* Redo a room indoors: 30% (up from 26% in 2011)
* Landscape property: 24% (2011: 22%)
* Install new flooring: 17% (2011:16%)
* Build or redo a deck or patio: 12% (2011: 9%)
* Upgrade systems such as electrical, heating, plumbing, etc.: 8% (2011: 9%)

Affluent homeowners (with household incomes over $100,000) plan to spend $5700 on their home improvement projects in 2012, down from $6200 in 2011. Among affluent homeowners:
* 72% have home improvement plans for 2012 (down from 73% in 2011)
* 61% plan to remodel indoors (2011: 64%)
* 40% plan to remodel outdoors (2011: 33%)

The types of home improvement planned among affluent homeowners:
* Cosmetic work, such as painting, furniture, or organization: 39% (2011: 43%)
* Redo a room indoors: 33% (2011: 30%)
* Landscape property: 31% (2011: 26%)
* Install new flooring: 17% (2011:16%)
* Build or redo a deck or patio: 11% (2011: 13%)
* Upgrade systems such as electrical, heating, plumbing, etc.: 8% (2011: 10%)

Appliance plans among all homeowners: 28% of homeowners doing home improvement in 2012 plan to buy appliances. The average spend planned for appliances: $705.

Other plans include new home accessories (37%, with an average spend of $170); new furniture (35%, with an average spend of $680); refreshing old furniture (19%, with an average spend of $140); and re-arranging furniture (15%, with an average spend of $87).

Appliance plans among affluent homeowners: 34% of affluent homeowners doing home improvement in 2012 plan to buy appliances. The average spend planned for appliances: $1195.

Other plans include new home accessories (46%, with an average spend of $375); new furniture (40%, with an average spend of $1101); refreshing old furniture (24%, with an average spend of $259); and re-arranging furniture (16%, with an average spend of $110).

Back to Daily News

 

Daily News

...........................................................

Apr 23, 2014: Bosch Home Appliances Garners EPA Energy Star Partner of the Year - Sustained Excellence Award

Apr 23, 2014: AO Smith Develops Ultra-Low NOx, Compact Commercial Water Heater for California

Apr 23, 2014: Dacor Launches First North American Cooktop with Touch Control

Apr 23, 2014: Existing-Home Sales Show Slight March Decrease

Apr 23, 2014: CEA: Consumer Sentiment Down in April

More Daily News>>

RSS Feeds
.........................................................
Appliance Industry
Market Research

...........................................................

March 2014: Market Research - 62nd Annual U.S. Appliance Industry Forecast
February 2014: Appliance Magazine Market Insight: December 2013
January 2014: Market Research - Appliance Historical Statistical Review: 1954-2012
January 2014: Appliance Magazine Market Insight: November 2013




 
Contact Us | About Us | Subscriptions | Advertising | Home
UBM Canon © 2014  

Please visit these other UBM Canon sites

UBM Canon Corporate | Design News | Test & Measurement World | Packaging Digest | EDN | Qmed | Pharmalive | Plastics Today | Powder Bulk Solids | Canon Trade Shows