November 3, 2001
Joint Center for Housing Studies, Harvard University

Every year, Americans spend about $180 billion maintaining and improving their homes and rental property investments. The repairs and enhancements made by these 30 million or so homeowners and countless millions of rental property owners help to ensure that our $10 trillion housing stock--and the communities that support it--offers safe and adequate housing opportunities for our nation's households. Moreover, the rehabilitation process helps to adapt our homes to a changing population whose housing preferences are continually evolving, and helps to provide cost-effective housing opportunities to thos households seeking affordable housing options.

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