“My work is definitely contemporary, I don’t choose a whole lot of ceremonial or ancestral practices in my work,” said Arviso, who is Diné, Hopi, Akimel O’odham and Tohono O’odham, and grew up in Phoenix. “I didn’t grow up like that. … I grew up on the streets.”
Many homeowners also bought or refinanced their mortgage when the average rate on a 30-year home loan was below 3% or 4% in the first couple of years of the pandemic. That’s made them reluctant to sell now, when the average rate is hoveringIn response, many homeowners have opted to to invest in sprucing up their home rather than sell and take on a mortgage with a sharply higher interest rate.
A shortfall in new home construction more than a decade in the making has kept people living in older homes longer. Nearly half of the owner-occupied homes in the U.S. were built before 1980 and have a median age of 41 years, according to an analysis of Census data by the National Association of Home Builders. That aging stock of homes has helped fuel the need for repairs and improvements.Harvard University’s Joint Center for Housing Studies’ most recent quarterly outlook of home improvement projects that spending on home renovations will continue to increase this year, despiteSpending by homeowners on maintenance and home improvement projects increased 0.5% in the first quarter from a year earlier to $513 billion, according to the JCHS’ leading indicator of remodeling activity, or LIRA.
It also forecasts annual increases from here that will drive spending to $526 billion by the first quarter of next year. That would represent a 2.5% increase from the first quarter of this year.Rising home prices and signs of a solid economy have supported the outlook for higher spending on home improvement, but that could change if the housing market and economic outlook worsen, said Carlos Martín, director of the JCHS’ Remodeling Futures Program.
“Building materials retail sales are strong, but we are seeing a significant downturn in the sales of existing homes and their median sales price since the last projection — both are known contributors to home improvements,” Martin said. “Broader economic turbulence like a recession, a worsening job market or higher inflation would almost certainly temper our expectations.”
MEXICO CITY (AP) — What do an activist searching for missing Mexicans, an attorney who once represented a drug lord and a university professor trying out TikTok have in common?But Pedersen said the Syrian people are cautiously optimistic that President
announcement last week thatTuesday will “give them a better chance than before to succeed against great odds.”
Speaking by video from Damascus, Pedersen called sanctions relief, including by the United Kingdom last month, as well asfrom Saudi Arabia, Qatar and Turkey “historic developments.”