Home Buying Creates Ripple Effects in Additional Spending
Posted on
November 4, 2013
in Blog
Using the Consumer Expenditure Survey (CES) data from the Bureau of Labor Statistics (BLS), NAHB Economics research shows that a home purchase triggers additional spending on appliances, furnishings, and remodeling. Such spending typically exceeds that of non-moving homeowners and persists for two years after moving. The...
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