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Global and U.S. home renovation market trends

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2026-09-18 00:55 UTC → 2026-09-30 21:55 UTC · added removed

The home renovation and improvement market has shown continues to demonstrate significant scale and evolving consumer priorities. In the United States, spending on home improvements reached $609 billion in 2023, with scale. Following a projected increase in household remodeling spending to $670 billion in 2024. While growth in owner-occupied home improvements is expected to slow to 0.5% by the second quarter of 2027, the global renovation market reached a valuation of $2.05 trillion in 2025. As 2025, the industry progresses, there is a growing emphasis increasingly focused on efficiency and logistical management. operational efficiency. Contractors face increasing ongoing pressure to shorten provide faster, more predictable service timelines and improve predictability to prevent projects from exceeding budgets. Key operational focuses include budgets, with a specific emphasis on minimizing residential disruption—such as noise and dust—and ensuring material availability to avoid logistical delays. Architectural and design trends 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 also shifting. There adopting a more cautious approach for 2026. The median planned renovation spend for the year is projected to be $15,000, a move away 25% decrease from traditional open floor plans toward layouts with purposeful separation, as well as 2025 levels. Marine Sargsyan, head of economic research at Houzz, noted that while homeowners are taking a transition from maximum ceiling heights toward more intentional, scaled-back designs. cautious approach, renovation activity continues at historic levels due to pent-up demand.

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  1. 2026-09-30 21:55 UTC Global and U.S. home renovation market trends
  2. 2026-09-18 00:55 UTC Global and U.S. home renovation market trends

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