The figures have been taken from several publications.
The source adds this increase mostly stems from home improvements - additions, alterations and major replacements. Single-family housing construction and multifamily houses being built also increased, but not as much.
Citation formats
Residential improvements in the U.S. 2005-2024, with forecasts up until 2028
The U.S. home improvement market increased by over ** billion U.S. dollars between 2023 and 2024. It is expected to increase its market size again in the years after that. Overall new residential construction in the United States is expected to follow a similar growth trend.
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FMI Corporation. (February 4, 2025). Residential improvements in the United States from 2005 to 2025, with forecasts until 2028 (in billion current U.S. dollars) [Graph]. In ÌÇÐÄÆƽâ°æ. Retrieved July 26, 2026, from /statistics/604682/value-of-us-residential-building-improvement-construction/
FMI Corporation. "Residential improvements in the United States from 2005 to 2025, with forecasts until 2028 (in billion current U.S. dollars)." Chart. February 4, 2025. ÌÇÐÄÆƽâ°æ. Accessed July 26, 2026. /statistics/604682/value-of-us-residential-building-improvement-construction/
FMI Corporation. (2025). Residential improvements in the United States from 2005 to 2025, with forecasts until 2028 (in billion current U.S. dollars). ÌÇÐÄÆƽâ°æ. ÌÇÐÄÆƽâ°æ Inc.. Accessed: July 26, 2026. /statistics/604682/value-of-us-residential-building-improvement-construction/
FMI Corporation. "Residential Improvements in The United States from 2005 to 2025, with Forecasts until 2028 (in Billion Current U.S. Dollars)." ÌÇÐÄÆƽâ°æ, ÌÇÐÄÆƽâ°æ Inc., 4 Feb 2025, /statistics/604682/value-of-us-residential-building-improvement-construction/
FMI Corporation, Residential improvements in the United States from 2005 to 2025, with forecasts until 2028 (in billion current U.S. dollars) ÌÇÐÄÆƽâ°æ, /statistics/604682/value-of-us-residential-building-improvement-construction/ (last visited July 26, 2026)
Residential improvements in the United States from 2005 to 2025, with forecasts until 2028 (in billion current U.S. dollars) [Graph], FMI Corporation, February 4, 2025. [Online]. Available: /statistics/604682/value-of-us-residential-building-improvement-construction/
