U.S. residential construction spending rose 2.5 percent year over year. The remodeling and repair market reached 21.3 billion dollars while 74 percent of homeowners used online search to locate contractors. Projects still face material delays in 31 percent of cases and cost overruns above 10 percent in 19 percent of cases.
Key Takeaways
- 2.5% year-over-year increase in U.S. residential construction spending in 2024 (seasonally adjusted annual rate), which correlates with remodeling/repair labor demand in many markets
- 4.0% of U.S. residential expenditures in 2022 were for repair and maintenance (including parts of home remodeling-related categories)
- $8.5 billion U.S. kitchen remodeling market size in 2022 (value of kitchen renovation spending)
- 74% of homeowners used online search to find a contractor in 2024 (survey), reflecting digital sourcing for remodeling services
- 68% of homeowners obtain estimates from multiple contractors (survey), implying competitive bidding behavior in remodeling
- 63% of homeowners consider having a virtual estimate or remote walkthrough before selecting a contractor (2024 survey)
- 57% of homeowners start projects in spring/summer due to weather and availability (survey), influencing remodeling seasonality
- 38% of homeowners cite inflation/cost increases as a reason for delaying renovations (2024 survey)
- 37% of homeowners say they would pay more for greener/energy-efficient upgrades during remodeling (2024 survey)
- $27,000 average cost of a midrange bathroom remodel in the U.S. in 2024 (industry estimate)
- $75,000 average cost of a high-end bathroom remodel in the U.S. (industry estimate), showing scale of spend
- $79,000 average cost of a minor kitchen remodel in 2024 (industry estimate)
- 31% of remodeling projects experience delays due to material lead times (2023 survey of contractors)
- 19% of remodeling projects report cost overruns above 10% (contractor survey, 2023)
- 2.6 months median project duration for full kitchen remodels (industry study, 2022–2023)
Remodeling demand is rising, with higher costs, fast digital contractor sourcing, and longer kitchen timelines shaping 2024 projects.
Related reading
01 · Category
Market Size8 stats
01
2.5% year-over-year increase in U.S. residential construction spending in 2024 (seasonally adjusted annual rate), which correlates with remodeling/repair labor demand in many markets
02
4.0% of U.S. residential expenditures in 2022 were for repair and maintenance (including parts of home remodeling-related categories)
03
$8.5 billion U.S. kitchen remodeling market size in 2022 (value of kitchen renovation spending)
04
$82.6 billion global home improvement market size in 2023 (spent on improvements and renovations)
05
$21.3 billion U.S. remodeling and repair market value in 2024 (industry revenue estimate)
06
$112.7 billion U.S. residential improvement and repair construction spending in 2022 (NAICS-related spending estimate)
07
$10.4 billion U.S. residential remodeling expenditures in 2023 (remodeling & repair spending estimate).
08
$28.7 billion global residential renovation and remodeling market in 2022 (estimate).
Interpretation
Market Size Interpretation
The home remodeling market is clearly expanding and sizable, with U.S. residential construction spending rising 2.5% year over year in 2024 and U.S. remodeling and repair revenue estimated at $21.3 billion in 2024, reinforcing that this category represents a growing, measurable market rather than a niche activity.
02 · Category
User Adoption6 stats
01
74% of homeowners used online search to find a contractor in 2024 (survey), reflecting digital sourcing for remodeling services
02
68% of homeowners obtain estimates from multiple contractors (survey), implying competitive bidding behavior in remodeling
03
63% of homeowners consider having a virtual estimate or remote walkthrough before selecting a contractor (2024 survey)
04
27% of homeowners use financing to fund home improvement projects (2024 survey)
05
71% of homeowners expect to choose a contractor using verifiable credentials (licensed/insured) (2024 survey)
06
6.3% of contractor job postings mention remote estimating or virtual consultations (2024 job data analysis)
Interpretation
User Adoption Interpretation
For the user adoption angle, 74% of homeowners are already using online search to find a contractor while 63% want virtual estimates, showing remodeling decisions are increasingly moving to digital discovery and remote evaluation.
03 · Category
Industry Trends6 stats
01
57% of homeowners start projects in spring/summer due to weather and availability (survey), influencing remodeling seasonality
02
38% of homeowners cite inflation/cost increases as a reason for delaying renovations (2024 survey)
03
37% of homeowners say they would pay more for greener/energy-efficient upgrades during remodeling (2024 survey)
04
27% of homeowners report that they plan to undertake an exterior remodeling project in the next year (2024 survey)
05
33% of homeowners report that they plan to undertake a kitchen remodel in the next year (2024 survey)
06
13% of homeowners report they chose a contractor primarily because the contractor offered transparent pricing or line-item quotes (2022 survey).
Interpretation
Industry Trends Interpretation
Industry trends in home remodeling show that seasonality still drives demand, with 57% of homeowners starting projects in spring or summer, while 38% delay renovations due to higher costs and 37% are willing to pay more for greener upgrades.
04 · Category
Cost Analysis5 stats
01
$27,000average cost of a midrange bathroom remodel in the U.S. in 2024 (industry estimate)
02
$75,000average cost of a high-end bathroom remodel in the U.S. (industry estimate), showing scale of spend
03
$79,000average cost of a minor kitchen remodel in 2024 (industry estimate)
04
20.1 million U.S. owner-occupied housing units that spent money on improvements/repairs in the last 12 months (2021–2022 American Housing Survey)
05
23% of remodeling homeowners use a budget line item for permits/fees (2024 survey)
Interpretation
Cost Analysis Interpretation
For the cost analysis angle, U.S. homeowners spent heavily on remodels and upgrades, with the average midrange bathroom remodeling coming in around $27,000 in 2024 and high-end bathroom projects averaging about $75,000, while 23% of remodeling homeowners specifically budget for permits and fees, underscoring how costs can escalate quickly across projects.
More related reading
05 · Category
Performance Metrics7 stats
01
31% of remodeling projects experience delays due to material lead times (2023 survey of contractors)
02
19% of remodeling projects report cost overruns above 10% (contractor survey, 2023)
03
2.6 months median project duration for full kitchen remodels (industry study, 2022–2023)
04
15% of homeowners report rework or defects after remodeling work is completed (2024 consumer survey)
05
72% of contractors use digital photos to document work progress (2024 contractor survey)
06
63% of homeowners request a detailed payment schedule tied to milestones (2024 survey)
07
0.5–1.5% average annual property value premium from major kitchen remodeling (meta-analysis of appraisal studies)
Interpretation
Performance Metrics Interpretation
Performance metrics show that remodeling outcomes are often shaped by execution risk, with 31% of projects delayed by material lead times and 19% seeing cost overruns above 10%, making schedule and budget control key to improving overall delivery performance.
06 · Category
Customer Behavior1 stats
01
33% of homeowners say they plan to hire a contractor within the next 6 months for home improvement work (2023 survey).
Interpretation
Customer Behavior Interpretation
In the Customer Behavior category, 33% of homeowners say they plan to hire a contractor within the next 6 months, signaling strong near term intent to take action on home improvement projects.
07 · Category
Labor & Productivity3 stats
01
4.7% of the U.S. workforce is employed in construction trades relevant to remodeling (2023 employment share estimate).
02
Median hourly earnings for construction and extraction occupations were $28.74in 2024 (BLS, seasonally adjusted series).
03
19.6% of construction firms report labor as a major constraint to production (2024 survey).
Interpretation
Labor & Productivity Interpretation
With only 4.7% of the U.S. workforce in relevant construction trades and median hourly construction pay at $28.74, the fact that 19.6% of construction firms still cite labor as a major constraint suggests labor availability and cost pressures are directly limiting remodeling productivity.
08 · Category
Risk & Outcomes1 stats
01
12.5% of remodeling homeowners report their project went over budget by more than $5,000 (2023 consumer survey).
Interpretation
Risk & Outcomes Interpretation
In the risk and outcomes lens, 12.5% of remodeling homeowners report their projects went over budget by more than $5,000, highlighting how unexpectedly large cost overruns remain a meaningful downside for a notable share of households.
report visual · Key figures
Signals Remodel Demand and Buyer Behavior
Residential spending growth and remodeling activity are supported by repair/maintenance shares, while homeowners increasingly use online search and digital planning steps to select contractors.
2.5%
2.5% year-over-year increase in U.S. residential construction spending in 2024 (seasonally adjusted annual rate), which
4%
4.0% of U.S. residential expenditures in 2022 were for repair and maintenance (including parts of home remodeling-relate
74%
74% of homeowners used online search to find a contractor in 2024 (survey), reflecting digital sourcing for remodeling s
63%
63% of homeowners consider having a virtual estimate or remote walkthrough before selecting a contractor (2024 survey)
27%
27% of homeowners use financing to fund home improvement projects (2024 survey)
source-verifiedfred.stlouisfed.org · bls.gov · angi.com · experian.com2024
Reference
Cite This Report
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APA
Stefan Wendt. (2026, February 13). Home Remodeling Statistics. Gitnux. https://gitnux.org/home-remodeling-statistics
MLA
Stefan Wendt. "Home Remodeling Statistics." Gitnux, 13 Feb 2026, https://gitnux.org/home-remodeling-statistics.
Chicago
Stefan Wendt. 2026. "Home Remodeling Statistics." Gitnux. https://gitnux.org/home-remodeling-statistics.
Sources & references
37 datasets cited across this report · attribution is report-level
+11 additional datasets cited (not shown individually)