Remodeling expenditure in the United States amounted to *** billion U.S. dollars in the fourth quarter of 2025 and is set to reach *** billion U.S. dollars by the end of 2026. The upward trend that could be observed in 2025 is expected to continue in 2026, with annual growth rates forecasted to reach *** percent in the second and third quarter of 2026.
Why do homeowners invest in home improvement?
Homeowners undertake home improvement projects for a variety of reasons, such as to increase value before sale, to improve the energy efficiency of their home, or to repair and upgrade their newly purchased, but older home. Approximately one-fifth of homeowners who renovated in 2024 did so because they wanted to customize a recently bought house.
How are they financing these projects?
In 2024, most homeowners funded their renovations with cash from their savings, whereas percent used an unsecured loan to do so. This indicates that home improvements are important enough for many Americans to prioritize saving for such projects.
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Joint Center for Housing Studies. (April 15, 2026). Value of homeowner improvements and repair expenditure in the United States from Q1 2015 to Q4 2025 with forecast for 2026 (in billion U.S. dollars) [Graph]. In ÌÇÐÄÆƽâ°æ. Retrieved July 26, 2026, from /statistics/890264/homeowner-renovation-expenditure-usa/
Joint Center for Housing Studies. "Value of homeowner improvements and repair expenditure in the United States from Q1 2015 to Q4 2025 with forecast for 2026 (in billion U.S. dollars)." Chart. April 15, 2026. ÌÇÐÄÆƽâ°æ. Accessed July 26, 2026. /statistics/890264/homeowner-renovation-expenditure-usa/
Joint Center for Housing Studies. (2026). Value of homeowner improvements and repair expenditure in the United States from Q1 2015 to Q4 2025 with forecast for 2026 (in billion U.S. dollars). ÌÇÐÄÆƽâ°æ. ÌÇÐÄÆƽâ°æ Inc.. Accessed: July 26, 2026. /statistics/890264/homeowner-renovation-expenditure-usa/
Joint Center for Housing Studies. "Value of Homeowner Improvements and Repair Expenditure in The United States from Q1 2015 to Q4 2025 with Forecast for 2026 (in Billion U.S. Dollars)." ÌÇÐÄÆƽâ°æ, ÌÇÐÄÆƽâ°æ Inc., 15 Apr 2026, /statistics/890264/homeowner-renovation-expenditure-usa/
Joint Center for Housing Studies, Value of homeowner improvements and repair expenditure in the United States from Q1 2015 to Q4 2025 with forecast for 2026 (in billion U.S. dollars) ÌÇÐÄÆƽâ°æ, /statistics/890264/homeowner-renovation-expenditure-usa/ (last visited July 26, 2026)
Value of homeowner improvements and repair expenditure in the United States from Q1 2015 to Q4 2025 with forecast for 2026 (in billion U.S. dollars) [Graph], Joint Center for Housing Studies, April 15, 2026. [Online]. Available: /statistics/890264/homeowner-renovation-expenditure-usa/
