Introduction

Home Improvement Statistics: The home improvement sector has experienced remarkable growth in recent years. It includes the sale of construction materials, appliances, décor, and various home improvements, as well as the services provided by contractors, tradespeople, and other professionals who assist in building, installing, modifying, and upgrading residences.

The homeownership market constitutes a substantial segment of the global economy, with numerous consumers across the globe eager to improve the aesthetic look and functionality of their homes. Recently, there has been a trend towards making homes smarter by incorporating integrated and interconnected devices that automate different functions within the household. In this statistic, we will know more about home improvement trends.

This statistic shows the average home improvement expenditure per owner in the United States from 1995 to 2015 with forecasts for 2020 and 2025. Homeowners spent on average ***** U.S. dollars on home improvements in 2015 and were projected to spend ***** U.S. dollars in 2025.

Remodeling expenditure in the United States amounted to *** billion U.S. dollars in the third quarter of 2022 and is set to reach *** billion U.S. dollars by the third quarter of 2023. This upward trend has been in place since 2015 but is expected to slow down in 2023. Why do homeowners invest in home improvement? Homeowners undertake home improvement projects for a variety of reasons, such as to increase value before sale, to improve the energy efficiency of their home, or to repair and upgrade their newly purchased, but older home. Approximately one quarter of homeowners who renovated in 2023 did so because they wanted to customize a recently bought house. How are they financing these projects? In 2023, most homeowners funded their renovations with cash from their savings, whereas ***** percent used an unsecured loan to do so. This indicates that home improvements are important enough for many Americans to prioritize saving for such projects.

The worldwide home improvement market was valued at *** billion U.S. dollars in 2020. With a compound annual growth rate (CAGR) of more than **** percent, the home improvement market value was expected to surpass the ******** dollar mark by 2027.

The DIY Market Segments by Product Type (Building Materials, Paints and Coatings, Tools and Equipment, and More), by Distribution Channel (Home-Improvement / DIY Stores, Online Pure-Play Retail, and More), by Project Type (Interior Remodel, Exterior / Curb Appeal, and More) and Geography (North America, Europe, Asia-Pacific, and More). The Market Forecasts are Provided in Terms of Value (USD).

The global home improvement services market size reached USD 371.3 Billion in 2024. Looking forward, IMARC Group expects the market to reach USD 529.4 Billion by 2033, exhibiting a growth rate (CAGR) of 3.82% during 2025-2033. The increasing need for remodeling of homes, rising adoption of smart homes, and the growing requirement for energy-efficient living spaces represent some of the key factors driving the market.

IMARC Group provides an analysis of the key trends in each sub-segment of the global home improvement services market report, along with forecasts at the global, regional and country level from 2025-2033. Our report has categorized the market based on type, buyers age and city type.

Number of Businesses statistics on the Home Improvement Stores industry in the US

Global home improvement market size was valued USD 340.81 billion in 2022 and is expected to rise to USD 490.13 billion by 2030 at a CAGR of 4.65%.

The Sweden DIY Home Improvement Market Segmented by Product Type (Lumber & Landscape Management, Decor & Indoor Garden, and More), by Distribution Channel (DIY Home-Improvement Stores, Specialty Stores, and More), by Project Type (Aesthetic Upgrades, Energy-Efficiency Retrofits, and More), by End-User (Owner-Occupied Houses, Owner-Occupied Apartments, and More). The Market Forecasts are Provided in Terms of Value (USD).

The Office of Consumer Protection (OCP) licenses builders or anyone acting in the capacity of a building contractor who constructs new homes in Montgomery County. This data consists of all active new home builder license holders. OCP does not license home improvement (ex. repair, remodeling, partial replacement, addition, or modernization, of existing structure) contractors; these contractors are licensed by Maryland Home Improvement Commission. The license information is deemed to be reliable, but we cannot guarantee the accuracy and completeness of the information. Any information that is shown to be inaccurate will be corrected if brought to the attention of OCP. Data Update Frequency : Daily

Home improvement stores form a mature industry dominated by two major companies, Home Depot and Lowe's. Both companies share similar product lines, which fuels high levels of price competition. Home improvement stores serve various markets, including do-it-for-me (DIFM), do-it-yourself (DIY) and professional customers. The most prominent influence on the performance of stores is activity in the residential market. Starting in 2021, spikes in inflation have cut consumers' spending power, while rising interest rates have constrained residential construction spending. While inflation has been tempered, the recent tariff announcements by the Trump administration remain a threat to product prices. Revenue for home improvement stores is expected to swell at a CAGR of 1.7% to $292.8 billion through the end of 2025, including growth of 1.9% in 2025 alone. The residential market boomed in 2020 as consumers stayed inside, resulting in more consumers with time to spend looking at new homes. Sales of home appliances, lumber, tools, hardware and lawn equipment were boosted. However, mounting inflationary pressure in 2022 led the Federal Reserve to raise interest rates. Since home improvement stores are tied to residential sector growth, rising interest rates cut housing sales that year, leading to faltering revenue. Since the pandemic, exploding e-commerce sales have been a boon for the industry. Home improvement stores will continue to improve their online platforms to strengthen sales in the coming years. Growing economic uncertainty has lifted sales of DIY products while limiting profit growth. Moving forward, interest rates are expected to drop, benefiting home improvement stores. Tariffs could result in higher interest rates, potentially upending the industry. Still, consumer spending power will remain relatively low, suppressing residential activity. Although residential activity is expected to slow, rising disposable income will boost spending on appliances and gardening equipment. There will be a trend of consumers opting for smaller appliances and upgrades rather than making significant investments in new construction or renovations. Home improvement store revenue is expected to climb at a CAGR of 2.1% to $325.3 billion through the end of 2030. The growing efficiency of online operations will cause profit to swell.

Among the key retailers competing within the home improvement and do it yourself (DIY) industry in the United States, Menards was the most satisfying home improvement retail store for customers. The company scored 678 out of 1,000 customer satisfaction points in 2023. Home improvement retail in the United States The U.S. home improvement industry has witnessed steady sales growth over the past years, and this trend is expected to continue in the coming years. The value of improvements and repair expenditure by U.S. homeowners also highlights the fact that people are putting substantial sums of money into home repair, home improvement, and remodeling projects. Major players Apart from Ace Hardware, The Home Depot, Lowe’s, and Menards are other big names in home improvement retail market in the United States. The Home Depot and Lowe’s dominate the U.S. market, with retail sales dwarfing those of Ace Hardware and Menards. On the other hand, Ace Hardware was the market leader in terms of number of hardware and home improvement retail stores in operation in the country.

Financial overview and grant giving statistics of Self-Help Home Improvement Project Inc.

The Global DIY Home Renovation Apps Market Size Was Worth USD 364.30 Billion in 2023 and Is Expected To Reach USD 643.19 Billion by 2032, CAGR of 6.52%.

Home Renovation Planning AI Market Outlook

According to our latest research, the global Home Renovation Planning AI market size reached USD 1.49 billion in 2024, with a robust compound annual growth rate (CAGR) of 24.1% anticipated from 2025 to 2033. This remarkable growth trajectory is driven by the rising adoption of artificial intelligence in the home improvement sector, increasing consumer demand for personalized design solutions, and a surge in digital transformation across real estate and construction industries. By 2033, the Home Renovation Planning AI market is forecasted to reach an impressive USD 12.23 billion, reflecting the sector’s rapid evolution and the integration of advanced technologies into everyday home renovation planning processes.

The primary growth factor propelling the Home Renovation Planning AI market is the increasing consumer inclination toward smart and efficient home renovation solutions. As homeowners seek more personalized, cost-effective, and time-saving approaches to remodeling, AI-powered platforms offer unparalleled capabilities in design visualization, project planning, and budgeting. These intelligent systems leverage machine learning and computer vision to generate tailored renovation plans, recommend optimal materials, and even predict project timelines. The growing familiarity with digital tools among consumers, coupled with the proliferation of user-friendly mobile applications, has further accelerated the adoption of AI in home improvement. Moreover, the integration of AI with augmented reality (AR) and virtual reality (VR) technologies enables immersive design experiences, allowing users to visualize the outcomes of their renovation projects before implementation, thus reducing uncertainties and enhancing satisfaction.

Another significant driver is the construction and real estate industry’s ongoing digital transformation. Contractors, interior designers, and real estate agents are increasingly leveraging AI-powered platforms to streamline their operations, improve client engagement, and deliver data-driven recommendations. AI tools can automate complex design processes, optimize resource allocation, and enhance project management efficiency. For professionals, these solutions offer a competitive edge by reducing manual workloads, minimizing errors, and improving collaboration across multidisciplinary teams. Additionally, the integration of AI with building information modeling (BIM) and other construction management software is transforming traditional workflows, making renovation planning more precise and scalable. As the demand for sustainable and energy-efficient homes rises, AI systems are also being used to recommend eco-friendly materials and design strategies, aligning renovation projects with modern environmental standards.

Furthermore, the surge in urbanization and the growing number of aging properties worldwide are fueling the need for advanced renovation planning solutions. As cities expand and residential infrastructure ages, homeowners and real estate developers are increasingly investing in renovation projects to enhance property value and functionality. AI-powered platforms simplify the complexity associated with large-scale renovations by automating design iterations, cost estimations, and compliance checks. The technology’s ability to process vast amounts of data, including architectural blueprints, building codes, and user preferences, enables more accurate and efficient planning. This trend is particularly pronounced in regions experiencing rapid urban growth, where the pressure to modernize housing stock is high. The COVID-19 pandemic has also played a role, as remote work and lifestyle changes have prompted many homeowners to undertake renovation projects, further amplifying the demand for intelligent planning solutions.

Regionally, North America leads the Home Renovation Planning AI market, driven by high technology adoption rates, a mature home improvement culture, and robust investments in AI research and development. The United States, in particular, accounts for a significant share of the market due to its large base of tech-savvy homeowners and a thriving ecosystem of AI startups and established software vendors. Europe follows closely, with strong demand for sustainable renovation solutions and stringent energy efficiency regulations acting as catalysts for AI adoption. The Asia Pacific region is emerging as a lucrative market, propelled by rapid urbanization, rising disposable incomes, and increasing awareness of smart ho

Annual statistics relating to HRI scheme for years 2013-2018

This dataset provides detailed records of residential properties, including renovation history, sale transactions, and agent involvement, enabling robust analysis of how specific renovations affect home values and marketability. It is ideal for homeowners, agents, and analysts seeking actionable insights into renovation ROI, pricing trends, and listing performance.

The DIY Home Improvement market has witnessed significant growth in recent years, emerging as a vital sector within the broader home construction and renovation industry. With an estimated market size of over $450 billion in 2023, this sector is driven by rising consumer interest in personalized spaces and the incre

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Comprehensive dataset containing 31,878 verified Home improvement store businesses in United States with complete contact information, ratings, reviews, and location data.