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HomeBlogHome RenovationHome Improvement Statistics

Home Improvement Statistics: 62 U.S. Renovation Trends for 2026

Published: 
September 15, 2026
20 minutes to read

Home renovations look very different from what they did even five years ago, from what homeowners spend to the projects they prioritize. To help you stay up to date, this report brings together 62 recent U.S. statistics on spending, project costs, renovation choices, contractor use, financing, and resale value.

U.S. Home Improvement Market and Spending Statistics

  1. Americans spent $609 billion on home improvements and repairs in 2023, including work on both owner-occupied and rental homes. (Joint Center for Housing Studies of Harvard University, 2025)
  2. Spending on owner-occupied homes reached $510 billion in 2023. (Joint Center for Housing Studies of Harvard University, 2025)
  3. Spending on rental-property improvements and repairs totaled $99 billion in 2023. (Joint Center for Housing Studies of Harvard University, 2025)
  4. Of the money spent on owner-occupied homes in 2023, $405 billion went toward improvements that upgraded or changed the home. (Joint Center for Housing Studies of Harvard University, 2025)
  5. U.S. homeowners spent $105 billion on maintenance and repairs in 2023. (Joint Center for Housing Studies of Harvard University, 2025)
  6. After adjusting for inflation, U.S. home improvement and repair spending increased 27% between 2019 and 2023. (Joint Center for Housing Studies of Harvard University, 2025)
  7. U.S. home improvement and repair spending reached $611 billion in 2022. (Joint Center for Housing Studies of Harvard University, 2025) 
  8. NAHB estimated that U.S. households spent $670 billion on remodeling projects in 2024. (National Association of Home Builders, 2026)
  9. Annual spending on improvements and repairs to owner-occupied U.S. homes is projected to reach about $519 billion by Q2 2027. (Joint Center for Housing Studies of Harvard University, 2026)
  10. Year-over-year spending growth on improvements and repairs to owner-occupied U.S. homes is projected to slow to 0.5% by Q2 2027. (Joint Center for Housing Studies of Harvard University, 2026) 
  11. Renub Research projects that the U.S. residential remodeling market will reach $804.02 billion by 2033. (Renub Research, 2025)
  12. Among U.S. Houzz users who renovated their primary homes in 2025, median renovation spending was $20,000. (Houzz Research, 2026)

Note: Sources use different definitions of home improvement, remodeling, renovation, maintenance, and repair, so figures from separate studies should not be treated as a single year-over-year series.

  1. 29.7% of U.S. homeowners completed at least one home improvement project in 2023. (Joint Center for Housing Studies of Harvard University, 2025) 
  2. Nearly 26 million U.S. homeowner households undertook a home improvement project in 2023. (Joint Center for Housing Studies of Harvard University, 2025) 
  3. Homeowners ages 35 to 44 who remodeled in 2024 spent an average of $42,400. (NAHB, 2026)
  4. Homeowners ages 55 to 64 who remodeled in 2024 spent an average of $40,300. (NAHB, 2026)
  5. 29% of households earning $200,000+ remodeled in 2024, versus 18% of households earning under $50,000. (NAHB, 2026)
  6. Homeowners aged 65 and older accounted for 27% of U.S. home improvement spending in 2023, up from 14% in 2003.  (Joint Center for Housing Studies of Harvard University, 2025)
  7. Among consumers surveyed for the 2025 NAR/NARI report, 27% said they remodeled to update worn surfaces, finishes, or materials. (National Association of REALTORS® and National Association of the Remodeling Industry, NAR/NARI 2025)
  8. 19% remodeled to improve energy efficiency. (NAR/NARI, 2025)
  9. 18% remodeled because they wanted a change. (NAR/NARI, 2025)
  10. Another 18% remodeled because they planned to sell within the next two years. (NAR/NARI, 2025)
  11. Grand View Research estimated that remodeling and renovation accounted for 42.2% of the U.S. home improvement market in 2025. (Grand View Research, 2026)
  12. The median owner-occupied home was 42 years old in 2023. (Joint Center for Housing Studies of Harvard University, 2025) 
  13. In 2023, owners of homes built before 1940 spent an average of $6,700 on improvements and repairs. (Joint Center for Housing Studies of Harvard University, 2025) 
  14. In 2023, 2.9 million homeowner households, or 3.3%, lived in homes with multiple structural deficiencies or serious plumbing, electrical, or heating problems. (Joint Center for Housing Studies of Harvard University, 2025)
  15. 3.2 million homeowners made accessibility improvements in 2022 and 2023, up from 2.3 million in 2018 and 2019. (Joint Center for Housing Studies of Harvard University, 2025)  
  16. Among homeowners age 65 and older, 5.5% made an accessibility improvement, compared with 2.2% of homeowners under 55. (Joint Center for Housing Studies of Harvard University, 2025)  
  17. Market Data Forecast estimated that kitchen upgrades accounted for 31.2% of the U.S. home improvement market in 2025. (Market Data Forecast, 2026)
  18. Interior painting was the most popular home remodeling project in 2025, completed by 29% of households. (Angi, 2026)
  19. 22% of households installed new appliances in 2025. (Angi, 2026) 
  20. 52% of 2025 home improvement projects were completed DIY, while 24% combined DIY work with contractor help and 24% were contractor-only. (HIRI, 2026)

Home Improvement Cost, DIY, and Contractor Statistics

  1. There were more than 128,000 remodeling companies in the first quarter of 2025, up from fewer than 69,000 in 2000. (NAHB, 2026)
  2. Remodelers made up 56% of all residential building construction establishments.  (NAHB, 2026)
  3. In 2023, 64% of residential remodelers reported some or serious shortages of skilled-trade subcontractors, including carpenters, masons, electricians, and plumbers. (Joint Center for Housing Studies of Harvard University, 2025)
  4. 87% of surveyed homeowners had a home issue that required professional help in the previous year. (American Home Shield, 2024) 
  5. 75% of homeowners said they try to fix a home issue themselves before calling a professional. (American Home Shield, 2024) 
  6. 17% of homeowners who attempted DIY repairs said they damaged their home or appliances. (American Home Shield, 2024) 
  7. 71% of homeowners said they would need professional help with electrical repairs, while 52% said the same for roofing and 49% for HVAC. (American Home Shield, 2024) 
  8. A garage door replacement cost an average of $4,672 in 2025. (JLC/Zonda, 2025)
  9. A minor kitchen remodel cost an average of $28,458 in 2025. (JLC/Zonda, 2025)
  10. A midrange major kitchen remodel cost an average of $82,793 in 2025. (JLC/Zonda, 2025)
  11. A midrange bathroom remodel cost an average of $26,138 in 2025. (JLC/Zonda, 2025)
  12. An asphalt-shingle roof replacement cost an average of $31,871 in 2025. (JLC/Zonda, 2025)
  13. A basement remodel cost an average of $52,012 in 2025. (JLC/Zonda, 2025)
  14. A midrange bathroom remodel had an estimated resale value of $20,915 in 2025. (JLC/Zonda, 2025)
  15. A remodeled basement had an estimated resale value of $36,905 in 2025. (JLC/Zonda, 2025)
  16. A midrange major kitchen remodel had an estimated resale value of $42,130 in 2025. (JLC/Zonda, 2025)
  17. A replaced garage door had an estimated resale value of $12,507. (JLC/Zonda, 2025) 
  18. In Q2 2026, 38% of homeowners completed a home improvement project, the lowest share in five quarters. (HIRI, 2026)
  19. 30% of homeowners planned to spend less on home improvement during the following 12 months, compared with 27% who planned to spend more. (HIRI, 2026)
  20. 28% of homeowners had no home improvement project costing $5,000 or more planned for the following year, a five-quarter high. (HIRI, 2026)
  21. A midrange primary suite addition cost an average of $170,517 in 2025. (JLC/Zonda, 2025)
  22. After remodeling, 64% of homeowners said they wanted to be at home more, and 46% said they enjoyed their home more. (NAR/NARI, 2025) 
  23. 28% said improved functionality and livability was the most important result of their renovation. (NAR/NARI, 2025) 

Limitations of Home Improvement ROI Data

Cost-recouped percentages are national estimates based on standardized projects and estimated resale value. They work as benchmarks, not predictions for a specific home.

Actual returns can differ based on the local housing market and the scope of the project. So even a 268% cost-recouped estimate for a garage door replacement does not mean every homeowner can expect that return.

Home Improvement Financing and Budget Statistics

  1. 50% of homeowners surveyed planned to renovate in 2026. (Houzz Research, 2026)
  2. In Angi’s 2026 survey, 43% of homeowners who had recently hired a professional exceeded their original estimate. (Angi, 2026)
  3. 37% of renovating homeowners who set a budget exceeded it in 2025. (Houzz Research, 2026)
  4. Among households earning $200,000 or more that remodeled in 2024, average spending was nearly $61,000. (NAHB, 2026)
  5. 54% of homeowners used a home equity loan or line of credit to fund home improvement projects.  (NAR/NARI, 2025) 
  6. 29% used personal savings to pay for their remodeling project. (NAR/NARI, 2025) 
  7. 10% used credit cards to pay for their remodeling project. (NAR/NARI, 2025) 

How Renovate Can Help With a Home Improvement Project

Share a few details about your project, and Renovate may connect you with a participating contractor or financing provider. If financing is available, the provider will walk you through its own approval process and terms.

Research Methodology

We reviewed U.S. home improvement research available through August 2026, prioritizing original reports and surveys whenever possible. Our main sources include the Joint Center for Housing Studies at Harvard University, Houzz Research, the Home Improvement Research Institute, the National Association of Home Builders, the National Association of REALTORS®, the National Association of the Remodeling Industry, and Zonda’s Cost vs. Value Report.

We checked each statistic against its source and kept it within the scope of what that source measured. We also kept different types of data separate, such as planned versus completed spending and averages versus medians. When newer data wasn’t available, we used the latest reliable figure and noted the year it covers.

Frequently Asked Questions

How Much Do Americans Spend on Home Improvements Each Year?

Americans spent $609 billion on home improvements and repairs in 2023, including work on owner-occupied and rental homes. Spending on owner-occupied homes accounted for $510 billion of that total. Annual spending on owner-occupied home improvements and repairs is projected to reach about $519 billion by Q2 2027.

How Much Did Renovating Homeowners Typically Spend in 2025?

Among U.S. Houzz users who renovated their primary homes in 2025, median renovation spending was $20,000. This figure reflects homeowners who completed renovations rather than all U.S. homeowners.

What Are the Most Popular Home Improvement Projects?

Interior painting was the most popular remodeling project in Angi’s 2025 data, completed by 29% of households. Installing new appliances followed at 22%. These figures measure the share of households completing each type of project.

How Often Do Homeowners Say They Need Professional Help With Repairs?

87% of surveyed homeowners had a home issue that required professional help in the previous year. Electrical repairs were the area where homeowners were most likely to need professional help, at 71%, followed by roofing at 52% and HVAC at 49%.

How Do Homeowners Pay for Remodeling Projects?

In the 2025 NAR/NARI Remodeling Impact Report, 54% of surveyed consumers used a home equity loan or line of credit to pay for their remodeling project. Another 29% used savings, while 10% used credit cards.

What Are the Estimated Resale Values of Common Home Improvements?

JLC/Zonda’s 2025 national estimates put the resale value of a midrange major kitchen remodel at $42,130, a basement remodel at $36,905, and a midrange bathroom remodel at $20,915. These are estimated resale values for standardized projects rather than guaranteed increases in a home’s sale price.

How Often Are Renovate’s Home Improvement Statistics Updated?

This report is updated as new U.S. home improvement data becomes available. The 2026 edition includes statistics and research published through August 2026, with the applicable data year identified for each statistic.

Sources and References

About Author
Casey Morgan
Written by Casey Morgan
Home Loan Expert
Casey Morgan, Home Loan Expert at Renovate.com, has over 10 years of experience in lending, specializing in home equity and renovation loans. Having lived in eight states, he provides expert guidance on all aspects of home financing.
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