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.

In 2024, home improvement sales in the United States amounted to around ***** billion U.S. dollars. By 2028, this amount is expected to reach almost *** billion U.S. dollars. Home improvement chains With sales close the *** billion U.S. dollar mark, The Home Depot was the leading home improvement chain in the United States in 2023. Other large chains in the industry included Lowe’s (Home Depot’s main competitor), Sherwin-Williams, Tractor Supply, and Menards that year. In terms of customer satisfaction however, The Home Depot ranked fourth in 2024, while Menards received the highest ratings. The Home Depot Home Depot is the largest home improvement retail store in the United States. The company was founded in Atlanta, Georgia in 1978. When visiting one of their stores, consumers would typically spend an average of ***** U.S. dollars in 2024. Lowe’s customers, on the other hand, spent about ****** U.S. dollars per visit.

The DIY Home Improvement 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).

Global home improvement market size was valued USD 340.81 billion in 2024 and is expected to rise to USD 490.13 billion by 2034 at a CAGR of 4%.

This driver measures private spending on home improvements, upgrades and repairs. This type of spending is a component of the value of residential construction, more formally known as private investment in residential structures. The data for this driver is sourced from the Bureau of Economic Analysis and is presented in chained 2017 dollars.

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.

The Home Remodeling Market report segments the industry into Project Type (DIY(Do it Yourself), Professional), By Distribution Channel (Online, Offline), By Application (Windows and Doors, Kitchen and Bathroom, Floor and Roof, Walls, Other Applications), and By Geography (North America, Europe, Asia Pacific, Middle East and Africa, South America). Five years of historical data and market forecasts are included.

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

The size of the Sweden DIY Home Improvement Industry market was valued at USD 14.88 Million in 2023 and is projected to reach USD 20.48 Million by 2032, with an expected CAGR of 4.67% during the forecast period. Recent developments include: November 2023: Bauhaus is expanding to the north of Sweden, by opening new stores in Vaxjo and Umea (2022) and now Karlstad-Valsviken in the center Swedish province of Värmland., July 2022: With the opening of IKEA City in Gallerian, the company's first city shop in Sweden, IKEA became even more accessible to Stockholm residents.. Key drivers for this market are: Increasing Interest in Home Renovation and Personalization. Potential restraints include: Lack of Expertise and Skills. Notable trends are: Increasing Number of DIY Retail Stores in Sweden.

HomeZ Remodel is a reputable online platform focused on home renovation and construction projects. With a vast array of resources and expert advice, HomeZ Remodel provides clients with a one-stop-shop for managing their home improvement endeavors.

HomeZ Remodel's collection of data covers a broad range of topics, including home design inspiration, DIY tutorials, and industry news. The organization's commitment to accuracy and reliability has established them as a trusted authority in the home renovation space, making their data an essential resource for both professionals and homeowners.

Residential renovation expenditure in Canada represents total real spending by homeowners on improvements, upgrades, repairs, and modifications to existing housing stock, measured in billions of constant 2017 chained Canadian dollars. This metric captures investment in projects ranging from minor cosmetic updates to major structural remodeling across single-family homes, townhouses, and multi-unit residential buildings. Data is sourced from Statistics Canada's capital formation statistics and adjusted for inflation to reflect actual volume changes rather than price effects.

This statistic shows the average home improvement spend per homeowner in the United States from 2014 to 2018. In 2018, homeowners spent an average of ***** U.S. dollars on home improvement, an increase of over nine hundred U.S. dollars on 2017 (***** U.S. dollars).

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

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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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.

Annual statistics relating to HRI scheme for years 2013-2020

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

Comprehensive dataset containing 47 verified Home improvement store businesses in BA with complete contact information, ratings, reviews, and location data.