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Survey says: Growth in remodeling despite the challenges

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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.

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