2024 Home Improvement Spend Outlook

Remodeling Spending to Tick Up Through Mid-Year 2025

Annual spending on homeowner improvements and maintenance is expected to reach $466 billion through the second quarter of next year, on par with ...

Home Improvement Spending to Plateau by Late 2024 - Forbes

Home renovation spending is expected to decrease from $481 billion in 2023 to $450 billion in 2024. · Steep renovation costs, heightened interest ...

2024 Home Improvement Spend Outlook: Economic Uncertainty's…

As we look towards 2024, with economic uncertainty easing, home improvement spend is also anticipated to resume.

Home Renovation Statistics and Trends: Our 2024 Report

Homeowners spent $463 billion on home renovations in the first quarter of 2024 — projections indicate that home renovation spending will continue to decline ...

Updated Home Improvement Market Outlook for 2024 | HIRI

Consumer market sales — which account for a larger portion of the home improvement market — are expected to increase by 3.2% in 2024, which is ...

Home Improvement Trends in 2024: Home Renovations Gain ...

Americans are spending more on home renovations compared to before the pandemic. The percentage planning to spend under $5,000 has considerably ...

Downturn in Home Remodeling May Bottom Out in 2024

“These headwinds create considerable uncertainty in the economy, and remodeling spending is projected to fall from $481 billion last year to ...

Strong Quarter Improves Remodeling Outlook for 2024

The Residential Remodeling Index no longer projects an annual decline in remodeling spending for 2024 or 2025.

7 Home Improvement Industry Trends To Watch in 2024

This trend, combined with the growing adoption of smart home technology, presents a promising outlook for the industry. Stay ahead of the ...

Fewer homeowners are remodeling, but demand is still 'solid' - CNBC

The Leading Indicator of Remodeling Activity, an outlook measuring home improvement and repair spending on owner-occupied homes, peaked at ...

Home Depot, Sensing Uneasy Economic Vibe From Homeowners ...

Home Depot, Sensing Uneasy Economic Vibe From Homeowners and Contractors, Trims Outlook for 2024 ... spend across home improvement projects." Home ...

Remodeling Spending to Tick Up Through Mid 2025

The LIRA projects that declines in annual spending for renovations and maintenance to owner-occupied homes will ease to just -0.5 percent through the second ...

Home Improvement Spending to Drop 5.9% by Q2 2024 - Forbes

Home renovation spending is expected to decrease from $486 billion to $457 billion in 2024. · The main driving factors of this decrease include ...

Home Remodeling Statistics and Trends of 2024 - Fixr.com

Spending on homeowner improvements and repairs surged by 81% from 2014 to 2023. · A decrease of $30 billion is predicted between 2023 and 2024.

Home Improvement Industry: An Outlook for 2024 and Beyond

Houzz reports at least 51% of homeowners spent more than $25,000 on home renovation projects in 2023, up 37% from 2020, according to Houzz. High ...

Remodeling Spending Forecast for 2024 | NAHB

The numerous advantages expected to support the continued expansion of remodeling and repair spending, including record levels of home equity, ...

Remodeling Slump Forecast to Bottom Out in 2024

“Even with the anticipated downturn, spending for improvements and repairs to owner-occupied homes this year is expected to easily surpass the ...

HIRI: Home Improvement Spending Will Increase in 2024

The total home improvement products market is expected to climb 2.7 percent in 2024, with the consumer market growing by 3.3 percent and the professional ...

This Could Be the Year the Home-Improvement Boom Fizzles Out ...

Americans are expected to spend $449 billion this year on home renovations and repairs, down from last year's record of $481 billion.

Remodeling Trends for 2024 & Beyond - The Home Depot

Home improvement experts expect a decline in renovation and remodeling spending in 2024. With home prices and mortgage rates elevated and a continuing ...