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.