Home Remodeling Projected to Decline in 2024

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 ...

Downturn in Home Remodeling May Bottom Out in 2024

The LIRA projects that declines in annual homeowner renovation and maintenance expenditure will worsen through the third quarter of this year before moderating ...

Will Home Renovation Costs Go Down in 2025? - DaBella

The availability and cost of skilled contractors can influence home renovation expenses. In 2024, factors such as labor market conditions, ...

Weakening of Residential Remodeling Activity Anticipated for 2024

Annual spending for improvements and repairs to owner-occupied homes is expected to decrease at a moderate rate over the coming year ...

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 ...

Remodeling Decline Forecast Through Balance of 2024

The latest LIRA, released in April, projects that annual owner spending for home renovations and maintenance will decline by more than 7% in the ...

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 ...

The Remodeling Market is Shrinking: 8 Tips for Remodelers - Hatch

Annual spending on homeowner improvements and repairs is expected to decrease from $489 billion today to $452 billion over the course of 2024.

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 $450 ...

Multifamily Housing Market Will Decline in 2024 while Remodeling ...

Multifamily starts are predicted to decline in 2024, according to the National Association of Home Builders (NAHB). Meanwhile, the remodeling sector remains on ...

Remodeling Costs 2024: What Should Homeowners Expect?

There has been a notable drop in housing sector activity over the past 18 months, primarily due to higher interest rates. However, this decrease ...

Home remodeling spending could plunge in 2024 - Consumer Affairs

... home remodeling will drop sharply in 2024, lowering costs ... “Annual spending on homeowner improvements and repairs is expected to decrease ...

Remodeling Slump Forecast to Bottom Out in 2024

The latest LIRA, released today by the Remodeling Futures Program at the Joint Center for Housing Studies of Harvard University, projects that ...

2024 could be a good year for home improvement | WTTV CBS4Indy

(WTTV/WXIN) — If you've been putting off a home improvement project, 2024 could be the year to pull the trigger.

Will Home Renovation Costs Drop In 2024? What Experts Say

The question of whether home renovation costs will go down in 2024 is a complicated one. Current trends, industry leaders, and expert opinions all suggest that ...

Home Remodeling Projected to Decline in 2024

With that downward trajectory, a nearly decade-long period of growth may finally come to an end next year, according to the report. LIRA ...

Despite Stronger Than Projected End to the Year, Remodeling ...

While remodeling activity will close 2023 on a stronger note than expected, a moderate downturn is still expected for the sector in 2024 and 2025, according to ...

JCHS: 2024 Shaping Up to Be “Challenging Year” for Remodeling

Annual spending for improvements and repairs on homes is expected to decrease by 2.7% through the first quarter of 2024, 6.3% through the second quarter, and 7 ...

Home Renovation Facts and Statistics (2024) - Architectural Digest

In 2024, home improvement projects are expected to decline due to housing market issues, such as stalled home sales and mortgage refinancing.