U.S. Home Remodeling Market Size - By Project (DIY, DIFM), By Wholesale (Residential Trade, Residential Showroom, B2C), By End Use, By Distribution, By Region, Forecast 2024 - 2032

U.S. Home Remodeling Market Size

U.S. Home Remodeling Market was valued at USD 432 billion in 2023 and is estimated to grow at a CAGR of 4.8% from 2024 to 2032. The increasing disposable incomes of homeowners and changing preferences have led to a rise in demand for attractive housing interiors and exteriors. This has led to changing trends in materials and products used in residential construction and interior design. The increase in home automation technology advancements and ongoing progress in appliance technology have resulted in a growing trend of household remodeling to integrate improved systems, particularly for consumers who are progressively adopting smart devices.
 

The expanding construction sector and the rise in construction expenditure can be attributed to the increasing disposable income in the U.S. According to the Federal Reserve Bank of St. Louis, the state's per capita personal income raise from USD 64,174 in 2019 to 77,036 in 2022. The analysis shows a significant gain in income levels, which has led to a better standard of living and increased demand for residential remodeling.
 

The consistent rise in the price of materials and labor presents significant challenges in the home remodeling industry. Homeowners often find it difficult to stick to their budget, resulting in scaled-down projects or delayed renovations. The strain on finances can reduce excitement for enhancements, necessitating meticulous planning and prioritization to effectively handle expenses while reaching desired results.
 

U.S. Home Remodeling Market Trends

The incorporation of smart home technologies is becoming increasingly popular in the U.S. home remodeling industry. Smart lighting systems, security solutions, and appliances that can be managed with smartphones or voice assistants are becoming increasingly popular among homeowners. This trend is driven by a desire for convenience, energy efficiency, and increased security. Along with this, there is a noticeable increase DIY projects and customized solutions, as homeowners strive to create personalized living spaces that reflect their distinct interests and preferences. The combination of smart technology and customization is changing modern houses into more efficient, secure, and personalized spaces.
 

U.S. Home Remodeling Market Analysis

Based on project, the U DIY projects are expected to register growth rate of over of 4.9% from 2024 to 2032. DIY projects enable individuals and homeowners to complete various tasks by themselves by using a variety of tools, equipment, and appliances, and is also cost effective. These can be leveraged by price-conscious customers looking for budget-friendly yet aesthetic appealing home space. These projects exclusively focus on end consumers, excluding any third-party members.
 

Based on wholesale, the  residential trade segment dominated the 39.3% of the market share in 2023 and is expected to grow at a CAGR of 4.6% through 2032.
 

California accounted for about 11% share of the U.S. home remodeling market in 2023. The state's rising building and property rates have spurred demand for residential remodeling and renovation as a less expensive option to purchasing a new home. Furthermore, California is one of the major states in the US economy in terms of GDP, construction activity, and per capita income, which is driving demand for residential renovation in California.
 

U.S. Home Remodeling Market Share

The U.S. Home Remodeling industry is moderately fragmented in nature due to the presence of local and global players across the globe. In 2023, the market players, such as Ferguson Enterprises, ABC Supply, Beacon Roofing Supply, HD Supply, US LBM, Watsco Inc., and others, collectively held around 15%-20% market share.
 

U.S. Home Remodeling Market Companies

Major players operating in the U.S. home remodeling industry are:

• ABC Supply
• Andersen Corporation
• Builders FirstSource
• Enterprise Wholesale Inc
• Ferguson Enterprises
• Harvey Building Products
• JELD-WEN
• Kohler Co.
• LU Kitchen & Bath
• Masco Corporation
• National Wholesale Supply
• Pella Corporation
• Robert Bowden, Inc.
• The Home Depot
• The Sherwin-Williams Company
   

U.S. Home Remodeling Industry News

• In April 2023, M&M HVAC Services completed the acquisition of Sunset Ridge Ecoline Exteriors Corporation, a company based in McFarland, Wisconsin. This move highlights M&M's strong commitment to its strategic plan and its active pursuit of opportunities for construction, expansion, and nationwide growth throughout the U.S.
   
• In October 2023, Great Day Improvements, LLC, a leading direct-to-consumer home remodeling company, broadened its brand portfolio by acquiring K-Designers, a renowned California-based remodeling contractor.
   

This U.S. home remodeling market research report includes in-depth coverage of the industry with estimates & forecast in terms of revenue (USD Million) from 2021 to 2032, for the following segments:

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Market, By Project

• DIY
• DIFM

Market, By Wholesale

• Residential trade
• Residential showroom
• B2C

Market, By End Use

• Windows & doors
• Kitchen additions & improvements
• Bathroom additions & improvements
• Landscaping
• Flooring
• Roofing
• HVAC
• Pools/Hot tubs
• Electrical construction
• Other room additions & alterations

Market, By Distribution

• Direct selling through online
• Direct selling to consumer
• Wholesale to retailer
• Wholesale to consumer
• Wholesalers selling online

The above information is provided for the following regions and countries:

• Northeast U.S. 
  • Pennsylvania
  • New York
  • Vermont
  • New Hampshire
  • Massachusetts
  • Maine
  • Rhode Island
  • Connecticut
  • New Jersey
  • Delaware
  • Maryland
• Southeast U.S. 
  • Arkansas
  • Louisiana
  • Mississippi
  • Alabama
  • Georgia
  • Florida 
• South Carolina 
  • Tennessee
  • North Carolina
  • Virginia
  • West Virginia
  • Kentucky 
• Midwest U.S 
  • North Dakota
  • South Dakota
  • Nebraska
  • Kansas
  • Minnesota
  • lowa
  • Missouri
  • Wisconsin
  • Illinois
  • Michigan
  • Indiana
  • Ohio 
• Northwest U.S. 
  • Washington
  • Oregon
  • California
  • Nevada
  • Idaho
  • Montana
  • Wyoming
  • Alaska
  • Utah
  • Colorado 
• Southwest U.S. 
  • Arizona
  • New Mexico
  • Texa
  • Hawaii
  • Oklahoma