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3 clusters · 10 sources · 16 days · First seen · Last updated

Global and U.S. home renovation market trends

Overview

The home renovation and improvement market continues to demonstrate significant scale. Following a global valuation of $2.05 trillion in 2025, the industry is increasingly focused on operational efficiency. Contractors face ongoing pressure to provide faster, more predictable service timelines to prevent projects from exceeding budgets, with a specific emphasis on minimizing residential disruption—such as noise and dust—and ensuring material availability to avoid logistical delays.

In the United States, kitchen renovation spending reached new highs in 2025. According to the 2026 Houzz & Home Study, the median spend for kitchen projects rose 9.1% from the previous year to $24,000. Major kitchen remodels saw a median cost of $55,000, while minor projects averaged $20,000. The scale of these costs was influenced by kitchen size, with larger kitchens seeing median major remodel costs of $75,000 compared to $46,000 for smaller spaces.

Despite this high level of activity, homeowners are adopting a more cautious approach for 2026. The median planned renovation spend for the year is projected to be $15,000, a 25% decrease from 2025 levels. Marine Sargsyan, head of economic research at Houzz, noted that while homeowners are taking a more cautious approach, renovation activity continues at historic levels due to pent-up demand.

Entities

Marine Sargsyan · Houzz · National Association of Home Builders · Joint Center for Housing Studies of Harvard University · AD PRO Directory

Timeline

  1. [BUSINESS] 2 sources
    US kitchen renovation spending hits $24,000 median in 2025

    US kitchen renovation spending hit a median of $24,000 in 2025, but homeowners plan to reduce budgets by 25% in 2026 as they adopt a more cautious approach to home improvements.

  2. [BUSINESS] 6 sources
    Home renovation market seeks increased efficiency amid $2.05 trillion valuation

    The $2.05 trillion global home renovation market is seeing a push for increased efficiency and faster timelines to minimize disruption for homeowners and improve contractor productivity.

  3. [BUSINESS] 2 sources
    U.S. home improvement spending and renovation trends

    U.S. home improvement spending reached $609 billion in 2023, with trends shifting toward purposeful room boundaries and scaled-back ceiling heights over open-plan layouts.

Sources

architecturaldigest.com · frippo.com · gcn.com · kesq.com · keyt.com · kion546.com · krdo.com · pontevedrarecorder.com · renovate.com · republicmonitor.com

This summary has been updated 1 time: see revision history