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U.S. Home Remodeling Market Trends

Report ID: GMI4459
Published Date: Jun 2024
Report Format: PDF

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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.

Authors: Avinash Singh, Sunita Singh

Frequently Asked Questions (FAQ) :

The market size of U.S. home remodeling was reached USD 432 billion in 2023 and is expected to register 4.8% CAGR from 2024 to 2032, owing to increasing disposable incomes of homeowners and changing preferences, leading to a rise in demand for attractive housing interiors and exteriors in the country.

U.S. home remodeling industry from the DIY projects segment is expected to register 4.9% CAGR from 2024 to 2032, due to enabling individuals and homeowners to complete various tasks by themselves.

California home remodeling industry captured 11% revenue share in 2023 due to rising building and property rates, spurring demand for residential remodeling and renovation as a less expensive option to purchasing a new home in the state.

ABC Supply, Harvey Building Products, JELD-WEN, Kohler Co., LU Kitchen & Bath, Masco Corporation, National Wholesale Supply, Pella Corporation, Robert Bowden, Inc., The Home Depot, and The Sherwin-Williams Company, are some of the major home remodeling companies in the U.S.