Home improvement and lending trends for 2019

In the world of home improvement lending, it makes sense to keep a pulse on key trends and consumer behavior. For 2019, the Home Improvement Research Institute provides some insight to key drivers for home improvement. For example, most DIYers are more likely to be Millenials according to recent research. Almost 25 percent of the […]

In the world of home improvement lending, it makes sense to keep a pulse on key trends and consumer behavior. For 2019, the Home Improvement Research Institute provides some insight to key drivers for home improvement.

For example, most DIYers are more likely to be Millenials according to recent research. Almost 25 percent of the nation’s population made improvements to their homes last year and only 7 percent of them hired a professional. Over-inspiration appears to be a key factor in the home improvement arena.  Of those surveyed, more than 30 percent who participated in renovations regretted not spending more when considering the project.  Other factors such as the rising rental housing market, growing interest in home wellness and smart home technology seem to have an impact on the growth in this market. Read more at Forbes.

If your credit union is in the market to increase increase income through this platform, consider checking out LEVERAGE partner, LENDKEY.

 

 

Read more at Forbes.

Written by
admin
View all articles

About Us

The League of Southeastern Credit Unions & Affiliates represents nearly 300 credit unions throughout Alabama, Florida, and Georgia. It has a combined total of almost $200 billion in assets and 12.4 million members. LSCU provides advocacy, compliance services, education and training, cooperative initiatives, and communications.

Social Channels

Follow us on all major social media platforms.