The Remodeling Market is Shrinking

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

The residential remodeling market is currently on a decline. Homeowner spend on improvements and maintenance, which has consistently grown year over year, is ...

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 ...

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

The NAHB/Westlake Royal Remodeling Market Index by the National Association of Home Builders reflects a similar decline. The RMI, which ...

Weakening of Residential Remodeling Activity Anticipated for 2024

While the rate of market decline should decelerate significantly in the second part of the year, 2024 is shaping up to be a challenging year for ...

Weakening of residential remodeling anticipated for 2024

“The ongoing weakness in the housing market caused by high interest rates and low supply of existing homes is expected to weigh on remodeling ...

Further Softening Expected in Home-remodeling Market

The LIRA projects that year-over-year spending on homeowner improvements and maintenance will shrink by 2.7% through the first quarter of next ...

Remodeling Market Sentiment Dips in Third Quarter | NAHB

“Although the overall RMI edged down for the third consecutive quarter, most remodelers remain optimistic about the market,” said NAHB ...

Home renovation spending expected to decline

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

Updated Home Improvement Market Outlook for 2024 | HIRI

Fortunately, that rate of market decline is projected to decelerate in the second part of 2024. Advance Retail Sales of Building Materials ...

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).

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

Weakness in the residential remodeling market is projected to translate to decreases in spending by the first quarter of 2024, according to the latest ...

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

A widely cited barometer of the remodeling market is pointing to the first annual decline in home-improvement spending since the housing ...

Leading Indicator of Remodeling Activity Shows Home ...

The LIRA projects that annual owner spending for home renovations and maintenance will decline by over 7% in Q3 before easing to just -2.6% through 2025Q1.

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 ...

The Remodeling Market Could Turn in Q4, Says Harvard

Harvard predicts the decline in home improvement spending will turn around at the end of 2024, according to the University's Joint Center ...

Remodeling Market Sentiment Holds Steady in Second Quarter

“Although some remodelers are reporting a slowdown, most continue to see solid demand for remodeling projects, subject to normal seasonal ...

Free eBook: How to Adapt to the Declining Remodeling Market - Hatch

With remodeling spend on a decline for the first time in decades, 2024 is predicted to be a challenging year for remodelers. So what exactly does that mean and ...

Remodeling Gauge Forecasts First Spending Decline Since ...

... according to new survey. The Leading Indicator of Remodeling Activity—a widely watched industry barometer—predicts that $458 billion will be.

What Awaits the Remodeling Market Into 2023? - Wellcraft

The current state of the new-home economy tends to lean toward the bleak, with falling housing starts and declining builder confidence. But the remodeling ...

America's love for home remodeling cools off amid higher interest ...

Less savings, higher interest rates, and the lack of housing activity in the resale market are among the reasons the industry is bracing for a ...