More people around the country are looking to remodel their homes, but because of disruptions in the global supply chain, the price of remodeling has spiked. Pat Cooney, assistant director of economic mobility at U-M Poverty Solutions, pointed out how this has a profound effect on low-income households, which require more essential renovations and home improvements. "The primary challenge for keeping stability for a lot of these households are property taxes and home repairs," Cooney said. "We think that home ownership can be a real tool to get that stability … but the resources need to be provided."
Listen to the interview here.