Home renovation spending expected to decline

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 ...

Year-over-year consumer dollars for home remodeling projects should drop 0.5% by 2Q25, after a 3% decline for the trailing 12 months, ...

Remodeling Spending to Tick Up Through Mid-Year 2025

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

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 ...

Downturn in Home Remodeling May Bottom Out in 2024

Downturn in Home Remodeling May Bottom Out in 2024 ... The LIRA projects that declines in annual homeowner renovation and maintenance expenditure ...

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 by ...

Spending on home renovations slows, but high remodeling costs ...

That would represent a roughly 7% drop from 2023. Spending on home remodeling was down 1.2% in the first quarter from a year earlier — the first ...

Home Renovation Spending Slows | Industrial Distribution

Spending on home remodeling was down 1.2% in the first quarter from a year earlier — the first annual decline in more than a decade. Historically, annual growth ...

Remodeling projects at US homes expected to rebound next year

After declining this year for the first time in more than a decade, U.S. homeowners' spending on remodeling is expected to ramp up next year ...

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.

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 ...

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, ...

Home Renovation Spending Expected to Increase in 2025

After a slight decline last year, spending on home improvements and repairs for owner-occupied homes is expected to grow again by mid-2025 ...

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

The Leading Indicator of Remodeling Activity, a measure that provides an outlook of the national home improvement and repair spending to ...

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

... decline in home-improvement spending since the housing bust of the late 2000s. Americans are expected to spend $449 billion this year on ...

Updated Home Improvement Market Outlook for 2024 | HIRI

According to the Joint Center for Housing Studies of Harvard University, the market forecast has annual spending on improvements and repairs ...

Consumers are taking a break from big home renovations projects

After a pandemic-era renovation craze, the nation's two largest home improvement retailers say customers are spending less on big projects in ...

Continued easing of remodeling declines expected into 2025

The LIRA projects that annual owner spending for home renovations and maintenance will decline by over 7% in the third quarter of this year ...

Home Renovation Facts and Statistics (2024) - Architectural Digest

By 2022, homeowners' spending rose to $472 billion. In 2024, home improvement projects are expected to decline due to housing market issues ...

US repairs and remodeling expenditure expected to decline in early ...

Annual expenditures for repairs and remodeling in owner-occupied homes are expected to decline in the first half of 2024, according to the ...