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The U.S. residential home improvement market is experiencing steady growth, driven by aging housing stock, rising home equity, and a continued focus on energy efficiency and aesthetic upgrades. Despite potential economic headwinds, homeowner investment in repairs and renovations remains robust, particularly for projects that enhance property value and long-term comfort. Supply chain stability and labor availability are key factors influencing project timelines and costs.
Total Assets Under Management (AUM)
Residential Remodeling Market Size in United States
~Approximately $487 billion in 2023
(3.5% CAGR)
- Driven by aging homes.
- Increased homeowner equity.
- Focus on energy efficiency and comfort upgrades.
Approximately $487 billion