Home Improvement Spending Up

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Home Improvement Spending Up

U.S. consumers planned to spend an average of $628 on improving their house this holiday season, up 84 percent from the $341 they said they would spend in 2003 at this time.

That means, of the total $2,348 consumers say they will spend this season, the biggest portion will go to the home, with 27 percent going to home improvements, while 26 percent will go to gifts, 17 percent to socializing, 12 percent to charity, 9 percent to entertaining at home, 7 percent to nongift clothing, and 2 percent to holiday-specific furnishings, according to the Deloitte survey of 17,440 consumers.

Spending: Homes spruced up

Posted on December 23, 2005 13:12 | Home Improvement News