People want more things in their home than ever before, and they’re buying them, according to a new survey of nearly 2,000 people by the nonprofit research group HomeGoods.
But they’re also buying more things than they were five years ago, with prices climbing and the number of people who are buying new things in the United States reaching record highs, according the report.
The results show that people are spending more money on their homes than they have in decades, and some of those new spending patterns are driven by rising housing costs.
More than one in five people in the survey said they’ve bought more than one item in the past year, up from about 20 percent a decade ago.
And more than half of respondents said they bought new items for the first time in the last year.
The median value of all items purchased in the U.S. has risen by roughly $1,500 since 2009, according a study released Tuesday by the University of Southern California.
That trend is likely to continue.
The median price for a home in the nation’s 50 largest metro areas rose about 10 percent last year, the most since the start of the recession.
More people are now buying homes than ever, and those buying bigger homes are more likely to spend on new things.
In general, more people are buying things like appliances and clothes than they used to.
The average household spent $2,200 on clothing last year and $1.25 on appliances.
That’s a big jump from 2010, when the average household was spending just $1 a year on clothes and $950 on appliances, the HomeGood’s report said.
“What’s changing is that more people want to get stuff in their lives.
They’re buying more stuff.
They want to have more fun, and that’s a really exciting part of home,” said Kevin Hutton, senior vice president of research at HomeGood.
The rise in home spending comes as the economy has been contracting, and with people spending less time in front of the TV, it’s been hard for some to find new things to play with.
“Home goods and furniture are a great way to do that,” Hutton said.
But the trends also suggest that Americans may be spending more on their children than ever.
The study found that the average American household spent on average $2.75 a week on kids’ toys and supplies in 2016, up 5 percent from a year earlier.
In addition, the average family spent about $400 on new kids’ clothes and accessories last year compared to $230 a year ago.
That number is expected to continue to rise as more families have to work outside the home, according.