U.S. households spent about $0.93 trillion on home improvement, maintenance, and repair in 2022. The market also spans thousands of establishments and contractors, with 1.4 million home improvement establishments and 1.6 million specialty trade contractors in 2023. Costs keep tightening as labor rises 4.2% year over year and construction materials input prices increased 8.3% in 2022, shaping what projects homeowners can afford.
Key Takeaways
- 1.4 million total home improvement establishments in the U.S. in 2023
- 1.6 million total home improvement contractors in the U.S. in 2023 (NAICS 236118 Specialty Trade Contractors)
- $0.93 trillion total U.S. household expenditures on home improvement, maintenance, and repair (2022) (Consumer Expenditure Survey classification CEX)
- $1,300 average U.S. household spend on home improvement and repairs in 2022 (BLS CE expenditure by category)
- $400 median cost of a typical minor home repair in 2022 (American Housing Survey “home repairs expenditures” median)
- $5,000 average cost for a bathroom remodel in the U.S. (2023; HomeAdvisor/Cost guide methodology)
- 62% of homeowners reported satisfaction with contractor communication in 2023 (2023; J.D. Power home services study)
- 24% of homeowners reported spending $5,000–$10,000 on improvements in the last year (2019; American Housing Survey)
- 33% of Americans consider “energy savings” the top reason to invest in home improvement upgrades (2023; U.S. DOE survey-backed study)
- 48% of retailers cite data analytics as a top investment area for improving merchandising in 2024 (2024; McKinsey retail analytics survey)
- 25% of U.S. consumers used AR/VR features to visualize home improvement products in 2023 (2023; Gartner retail tech adoption survey)
- 9.6% of U.S. home improvement retail pages used voice search queries in 2023 (2023; BrightLocal/local search statistics)
- 1.3 million skilled trades workers were unemployed in the U.S. in 2023 (BLS CPS/Occupation unemployment for construction trades)
- 50% of U.S. construction firms cited labor as a constraint on growth in 2024 (Associated Builders and Contractors workforce survey)
- 3.9% annual growth in construction labor demand in 2022–2032 (BLS/OES projections for construction occupations)
Homeowners and contractors drove strong U.S. home improvement spending, even as labor shortages and higher costs persisted.
Related reading
01 · Category
Market Size6 stats
01
1.4 million total home improvement establishments in the U.S. in 2023
02
1.6 million total home improvement contractors in the U.S. in 2023 (NAICS 236118 Specialty Trade Contractors)
03
$0.93 trillion total U.S. household expenditures on home improvement, maintenance, and repair (2022) (Consumer Expenditure Survey classification CEX)
04
$2.7 billion U.S. consumer spending on home improvement and repair for December 2023 (seasonally adjusted, Census Retail Sales excluding auto parts)
05
1.17% of U.S. GDP came from construction of residential improvements and repairs in 2023 (BEA supply-use / GDP-by-industry framework)
06
$1.5 billion global market size for smart home improvement devices in 2022 (Research and Markets industry report figure)
Interpretation
Market Size Interpretation
In the Market Size view, the U.S. spent $0.93 trillion on home improvement, maintenance, and repair in 2022 while the sector also includes a massive $2.7 billion December 2023 consumer market, showing strong year-round demand across both establishments and repair spending despite the industry reaching $1.5 billion globally for smart home improvement devices in 2022.
02 · Category
Cost Analysis8 stats
01
$1,300average U.S. household spend on home improvement and repairs in 2022 (BLS CE expenditure by category)
02
$400median cost of a typical minor home repair in 2022 (American Housing Survey “home repairs expenditures” median)
03
$5,000average cost for a bathroom remodel in the U.S. (2023; HomeAdvisor/Cost guide methodology)
04
$3,800average cost of installing a new deck in the U.S. (2023; HomeAdvisor cost guide)
05
8.3% annual increase in construction input prices (materials) in 2022 for residential improvements (BLS Producer Price Index inputs)
06
4.2% year-over-year rise in labor costs for construction (BLS Employment Cost Index for construction, 2023)
07
2.9% year-over-year decrease in U.S. residential construction permit values in 2023 (Census permit valuation change)
08
9.0% higher prices for building materials and supplies in 2022 vs 2021 (BLS PPI for construction materials)
Interpretation
Cost Analysis Interpretation
Cost pressure is clearly building for home improvements, with materials input prices rising 8.3% in 2022 and labor costs climbing 4.2% year over year, pushing typical project spending like a $5,000 bathroom remodel and a $400 minor repair higher within an environment where permit values fell 2.9% in 2023.
03 · Category
Customer Behavior4 stats
01
62% of homeowners reported satisfaction with contractor communication in 2023 (2023; J.D. Power home services study)
02
24% of homeowners reported spending $5,000–$10,000 on improvements in the last year (2019; American Housing Survey)
03
33% of Americans consider “energy savings” the top reason to invest in home improvement upgrades (2023; U.S. DOE survey-backed study)
04
29% of consumers abandoned a home improvement purchase due to delivery fees in 2022 (2022; Narvar delivery experience report)
Interpretation
Customer Behavior Interpretation
From the customer behavior perspective, satisfaction with contractor communication sits at 62% in 2023 while 29% of consumers abandoned purchases over delivery fees and 33% prioritize energy savings, showing that responsiveness and clear delivery costs strongly shape upgrade decisions.
More related reading
04 · Category
Technology & Trends3 stats
01
48% of retailers cite data analytics as a top investment area for improving merchandising in 2024 (2024; McKinsey retail analytics survey)
02
25% of U.S. consumers used AR/VR features to visualize home improvement products in 2023 (2023; Gartner retail tech adoption survey)
03
9.6% of U.S. home improvement retail pages used voice search queries in 2023 (2023; BrightLocal/local search statistics)
Interpretation
Technology & Trends Interpretation
Technology and trends are reshaping home improvement as retailers lean into data analytics with 48% prioritizing it for merchandising in 2024, while customers increasingly use AR VR, with 25% of U.S. consumers trying it in 2023, and voice search becomes more visible with 9.6% of retail pages using voice search queries that same year.
05 · Category
Workforce & Supply7 stats
01
1.3 million skilled trades workers were unemployed in the U.S. in 2023 (BLS CPS/Occupation unemployment for construction trades)
02
50% of U.S. construction firms cited labor as a constraint on growth in 2024 (Associated Builders and Contractors workforce survey)
03
3.9% annual growth in construction labor demand in 2022–2032 (BLS/OES projections for construction occupations)
04
18.2% of all construction workers had a union affiliation in 2023 (BLS union membership and coverage)
05
2.1 months average time to fill open construction positions in 2023 (2023; Indeed hiring lab/construction time-to-fill)
06
23% of contractors use BIM in remodeling/renovation projects (2022; McGraw Hill BIM survey)
07
4.0% of U.S. construction firms reported bankruptcies in 2023 (Census/EC statistics for construction business failures; data series)
Interpretation
Workforce & Supply Interpretation
The workforce pressure is already clear in the U.S. housing market, with 50% of construction firms citing labor as a growth constraint in 2024 and 1.3 million skilled trades workers unemployed in 2023, even as construction labor demand is projected to grow 3.9% annually through 2032.
report visual · Comparison
Home improvement industry snapshot (U.S.)
Key signals for scale, spend, and construction impact in recent years.
Annual increase in construction input prices (materials), residential improvements (2022)8.3%
YoY rise in construction labor costs (2023)4.2%
Total home improvement contractors, NAICS 236118 (2023)1.6
Total home improvement establishments (2023)1.4
Share of U.S. GDP from residential improvements & repairs (2023)1.17%
Household expenditures on home improvement, maintenance, & repair (2022)$0.93
source-verifiedcensus.gov · bls.gov · apps.bea.gov2023
Reference
Cite This Report
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APA
Henrik Dahl. (2026, February 13). Home Improvement Industry Statistics. Gitnux. https://gitnux.org/home-improvement-industry-statistics
MLA
Henrik Dahl. "Home Improvement Industry Statistics." Gitnux, 13 Feb 2026, https://gitnux.org/home-improvement-industry-statistics.
Chicago
Henrik Dahl. 2026. "Home Improvement Industry Statistics." Gitnux. https://gitnux.org/home-improvement-industry-statistics.
Sources & references
28 datasets cited across this report · attribution is report-level
+15 additional datasets cited (not shown individually)