Skip to main content

Survey says: Growth in remodeling despite the challenges

A)-NAHB-logo

Confidence in the remodeling market has continued to increase, according to a recent survey by the National Association of Home Builders

“The remodeling market took a hit last year at the start of the pandemic, but it’s completely turned around now,” Steve Cunningham, chairman of the NAHB’s remodelers council, said in a statement. “Remodelers are now facing intense backlog on projects due to supply chain delays, continued labor shortages and an abundance of project leads.”

In the survey, 5 percent of remodelers reported that more than half of their projects in 2020 were a direct consequence of the pandemic. Seventy-four percent of all projects were bathrooms, followed by kitchens at 67 percent and whole house at 51 percent.

A desire for better/newer amenities was cited as the most common motivation for remodeling, followed by a need to repair or replace older components and a desire or need for more space.

For more, visit www.nahb.org. 

This article was originally published in the July 2021 issue.

Related Articles

News Desk

Slower growth predicted for remodeling market

Annual growth in the national market for home improvement and repair is expected to slow considerably by the end of the year, according to the Leading Indicator of Remodeling Activity released by the Remodeling Futures Program at the Joint Center for Housing Studies of Harvard University.

News Desk

Remodeling forecast calls for slower growth

Annual gains in improvement and repair spending on the owner-occupied housing stock are projected to continue decelerating through early next year, according to the Leading Indicator of Remodeling Activity, compiled by the Remodeling Futures Program at the Joint Center for Housing Studies of Harvard University.

News Desk

NAHB says housing market could help economic recovery

The National Association of Home Builders says recent housing data indicates the residential construction industry will play an important role in leading the U.S. economic recovery from the coronavirus pandemic.

News Desk

Continued growth predicted for remodeling market

The robust pace of spending on home renovations and repairs is expected to stay strong over the coming quarters, according to the Leading Indicator of Remodeling Activity from the Remodeling Futures Program at the Joint Center for Housing Studies of Harvard University.

Remodeling copy
News Desk

Slower remodeling growth forecasted

Annual growth in homeowner spending for improvements and repairs is expected to soften during the first half of next year, according to the Leading Indicator of Remodeling Activity outlook from the Remodeling Futures Program at the Joint Center for Housing Studies of Harvard University.

News Desk

Remodeling market continues to show growth

News Desk

Survey: Remodelers expect a good year

The annual CMA Benchmarke Study reveals how participating cabinet shops throughout the country are finding business success.
News Desk

Survey shows an increase in optimism

News Desk

Growth predicted for remodeling market