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May 13, 2024

Spending on home renovations slows, but high costs mean little relief in sight for buyers

  • Indicators suggests homeowner spending on renovations and repairs will fall 7% from 2023.
    AP Business Writer

    iStock image
    It may be easier to schedule a contractor, but don’t bank on lower prices.

    LOS ANGELES — Homeowners have been spending more on home renovations in recent years, as high interest rates and stubbornly high inflation drove up costs for everything from flooring to refrigerators.

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