Elizabeth La Jeunesse 🏡

Consumer Psychology's Role in Home Renovation Today How insights from behavioral finance can demystify the pause in remodeling.

Here's my take on the how consumer psychology is playing into the remodeling market right now. open.substack.com/pub/elizabet...

Thank you!!

Can you let me know if someone gets it for you as I'd also love a copy? I had the 2021 codebook and foolishly never contemplated that the 2023 codebook would just disappear

We have the microdata back to 1995 thank goodness. I have a copy of the 2021 Codebook as well (Excel version)

American Housing Survey table creator data is still down

I'm downloading EIA RECS data as we speak...

Are First-Time Home Buyers Facing Desperate Times? - Liberty Street Economics A look at how first-time home buyers are faring in a challenging housing market using data from the New York Fed’s Consumer Credit Panel (CCP).

Great short article by NY Fed researcher Donghoon Lee: "FTBs [first-time home buyers] are proving to be more resilient than some have depicted and in a better position than many might have feared."

libertystreeteconomics.newyorkfed.org/2025/02/are-...
@newyorkfed.bsky.social

Thank you for your warm welcome!

Professional remodelers broadly reported an uptick in project activity as 2024 closed out. Looking ahead they expect large project activity to recover (we estimate $50B is deferred). Tariffs throw a wrench in this. Higher pricing for lumber, appliances, hardware, etc. could stall progress.

I just joined here about an hour ago so don't know how yet! Thank you for the tip though I will try :-)

Yep makes no sense. I thought the content was relevant and it's original research I did

Economists expect at least mid-single digit increases in pricing for major products
bsky.app/profile/elaj...

bsky.app/profile/elaj...

Tariff exposure is high for major household appliances, esp. from China, Mexico

Thinking of buying a major household appliance? With the tariff announcement, might be good to act soon...

73% of small electrical appliances are imported (mainly China)

44% of our major household appliances are imported (led by Mexico, China)

Expect a measurable impact on pricing.

Expect already squeezed housing affordability to worsen with a rise in construction costs across multiple categories - appliances, wood products, hardware, glass, plumbing fixtures.

A report coming out later today from @jbrec.bsky.social details the projected rise in sawmill wood product pricing from this action. Wood products will be one of the most impacted product categories, only behind appliances. Hardware, glass, and plumbing fixtures will also be heavily impacted.

Here's some data backing up this point - this is going to be bad news for sawmill wood product pricing in the US bsky.app/profile/elaj...

Think 25% #tariffs on Canada and Mexico won't impact our housing market? Think again.

To illustrate: 31% of all sawmill wood products used in the US are imported, with a massive share from Canada.

A new report coming out later today from @jbrec.bsky.social details price increases we can expect.