Our Industry
Thanks in part to the endless inspiration provided by countless TV shows and online resources, the always-steady home remodeling industry is now more popular than ever – and showing no signs of slowing. According to a recent Harvard University study:
- Home remodeling spending is up 6% and at least 2% growth per year is expected through 2025.
- Discretionary remodels like bathrooms currently make up over 30% of remodeling spending.
- Millennials are buying older homes that need remodeling because it is more affordable.
- Millennials who own homes built before 1980 are spending 16% more on remodeling than the national average.