Gen Z surveyed homeowners have been the most probably to renovate their homes instead of transferring as a result of rates of interest, with 17% of Gen Z owners indicating that reason was their main motivation. In distinction, only 3% of Baby Boomers mentioned this was the main purpose they made home improvements. This trend contrasts the Baby Boomers and Silent Generation, who spent less House & Home Improvement News on home improvement in all categories mixed than different generations this year. It is essential to note that while Baby Boomers and Silent Generation spent lower than Millennials and Gen Z, they nonetheless spent a considerable amount on their houses. Interestingly, the Silent Generation cohort spent around $7,600 on improvement and over $3,000 on home emergencies , but solely spent around $600 on maintenance.

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