Residential investment has recovered from the depths of the Great Recession (Chart 1), but activity such as new home construction and home sales remain well below pre-recession levels. One area that has done well is home improvement. Home improvement spending accounts for about 30 percent of residential investment (Chart 1). While Americans may not be in the market for new homes, they are spending freely to fix up their current ones.
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1.Overview
2. Economy
3. Inflation
4. Policy
5. Investing
6. Pulling It All Together/Appendix