A earlier iteration of this report, from January 2023, predicted a much steeper decline in spending, going from sixteen.3% on the end of 2022 all the means in which down to simply 2.6% by the end of 2023. While the predicted drop of 5.9% for the primary half of 2024 is much less stunning, it does emphasize the fact that, for an additional year, home improvement spending is expected to stay on a downward spiral. It’s also essential to notice that the 2017 tax regulation limits deductions for home equity loan curiosity to money that’s used to “purchase, construct or …