Laura Kusisto
speaker
689 appearances
14 recordings
1 series
first heard Jul 2017
last heard Nov 2023
Laura Kusisto’s voice in public audio — every appearance, attributed to the second.
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Appearances
So they're not spending as much as boomers.
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Boomers are the real big spenders in this market.
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But millennials are maybe putting in some new kitchen appliances, doing a coat of paint, trying to do what they can to spruce up, to put lipstick on a pig, I guess.
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Yeah, I think that there are two things that could reverse the renovation boom.
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One would be if we see levels of new construction pick up meaningfully.
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No one I've talked to thinks that's going to happen in less than a year.
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It's probably going to take a lot longer.
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Of course, the other thing that could turn this around is another crash.
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At some point, prices are not going to keep going up this quickly everywhere.
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I think if we see prices start to flatten out and come down, people are probably not going to be wanting to put those big bucks into their homes.
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One of those two things is probably going to happen in the next couple of years, but I would not take bets on which one it is.
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It depends a little on why and how prices come down.
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What we're seeing now and what we saw today, Case-Shiller came out, and for the first time in a few years, we've seen a couple of months of price growth being slower.
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If that happens and it's gradual and it's sustained, then yeah, I think we're going to see even more demand for housing.
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That could also help with the home renovation boom.
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If it's sort of the other scenario, which is prices drop quickly and people panic, then you're probably not going to see people wanting to put a bunch of money into their homes.
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They'll probably sit tight and live with that kitchen with the ceramic or the, I don't know what, I'm blanking on it, the opposite of a marble countertop.
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But anyway, they'll live with that kitchen.
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I know.
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Anyway, they'll just live with that kitchen.
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Showing 661–680 of 689 · page 34 of 35
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