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Travelers Survey Shows Renewed Focus on Home Improvements During Pandemic

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The Travelers Companies, Inc. (NYSE: TRV) today announced findings from its consumer pulse survey that measures perceptions about homeownership during the COVID-19 pandemic. The results indicate that consumers have been doing more projects around their homes since March, when the World Health Organization officially declared the pandemic.

As many families have transitioned to working from home and remote learning, the study shows that 41% of respondents appreciate their homes now more than ever. The survey indicates that nearly 1 in 5 consumers are in the market for a new home, while a large majority of respondents (75%) are making improvements to their current home, including:

  • Painting rooms (44%)

  • Starting a garden (41%)

  • Updating flooring (31%)

  • Painting the exterior (27%)

  • Building an outdoor play area (19%)

  • Undertaking a major renovation/remodel (10%)

The findings also reveal that consumers are

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