The worldwide home improvement market was valued at 763 billion U.S. dollars in 2020. With a compound annual growth rate (CAGR) of more than four percent, the home improvement market value was expected to surpass the trillion dollar mark by 2027.

Seventy-six percent of respondents stated they had made at least one improvement to their home during the coronavirus pandemic in the United States in 2020. Making the home more eco-friendly was the least common reason for a home improvement project.

Home Renovation Incentive statistics. Published by Revenue Commissioners. Available under the license Creative Commons Attribution 4.0 (CC-BY-4.0).Home Renovation Incentive (HRI) statistics 2013-2020...

In 2020, the average budget for home improvements among young people between 18 and 24 years in France was 601 euros. That year, the age group that was ready to spend the most on home renovations was people between 35 and 49 years with an average budget of 4,007 euros.

Tools and hardware: power tools, hand tools, accessoriesBuilding materials: lumber, cement, drywallHome décor: lighting, furniture, window treatmentsAppliances and fixtures: refrigerators, stoves, toiletsSmart home products: security systems, smart speakers, thermostats Recent developments include: March 2024: Kingfisher will announce the opening of a home improvement e-commerce platform at Castorama France, marking the next step in the rapid expansion of its marketplace offering. The launch follows the success and rapid growth of Kingfisher's marketplaces at B&Q in the United Kingdom, Brico Dépôt in Spain and Portugal, and the Koçtaş joint venture in Turkey. Castorama France will launch more than 500,000 new products from verified third-party merchants through its e-commerce channels. All third-party merchants will be chosen by Castorama specialists and subjected to a rigorous verification procedure to ensure they fulfill Castorama's quality and ethical requirements., October 2023: MarketBlast® announces the launch of a global product innovation search in the thriving home improvement sector. The hunt will encompass innovation in tools, hardware, DIY, and home improvement, as well as manufacturers and distributors who are actively seeking new and inventive items. The National Hardware Show is the hunt's primary sponsor, as it is the only industry event that brings together the complete home improvement community, including corporations looking for new and inventive items to expand their brands., February 2022: Home improvement firm Lowe's Companies Inc. of America has partnered with online grocery delivery service Instacart in North America to offer same-day home improvement goods delivery., November 2021: Block Renovation, a US-based digital platform for house remodeling, has revealed that Softbank Vision Fund 2 lead a USD 50 million Series C investment round., June 2020: With the introduction of Lowe's for Pros JobSIGHT powered by Streem, an enhanced video chat service that enables Pros to conduct virtual home visits with customers, Lowe's unveils the first phase of its previously announced USD 25 million commitment to support small businesses in an effort to help keep Pros working. Keeping homes operating safely is more crucial than ever since more people are choosing to stay at home.. Notable trends are: Increasing demand for memory foam is driving the market growth.

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.

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 2,970 U.S. dollars on home improvements in 2015 and were projected to spend 3,250 U.S. dollars in 2025.

United States RMI: sa: FM: Backlog of Remodeling Projects data was reported at 58.000 Point in Mar 2025. This records a decrease from the previous number of 59.000 Point for Dec 2024. United States RMI: sa: FM: Backlog of Remodeling Projects data is updated quarterly, averaging 67.000 Point from Mar 2020 (Median) to Mar 2025, with 21 observations. The data reached an all-time high of 85.000 Point in Dec 2021 and a record low of 46.000 Point in Mar 2020. United States RMI: sa: FM: Backlog of Remodeling Projects data remains active status in CEIC and is reported by National Association of Home Builders. The data is categorized under Global Database’s United States – Table US.EB: NAHB/Westlake Royal Remodeling Market Index.

In 2020, the interior and remodeling market value in South Korea amounted to approximately 30 trillion South Korean won. The market was forecasted to reach a size of 37 trillion won in 2025 and even further to roughly 44 trillion won in 2030.

In France, in 2020, 60 percent of people declared to be willing to consider eco-renovation for their home. Conversely, 22 percent of respondents were not interested al all in an eco-friendly renovation of their living space. In 2019, more than half of the French said that they were changing their consumption habits for sustainability reasons.

RMI: sa: CM: Medium Remodeling Projects data was reported at 72.000 Point in Mar 2025. This records a decrease from the previous number of 73.000 Point for Dec 2024. RMI: sa: CM: Medium Remodeling Projects data is updated quarterly, averaging 78.000 Point from Mar 2020 (Median) to Mar 2025, with 21 observations. The data reached an all-time high of 92.000 Point in Sep 2021 and a record low of 58.000 Point in Mar 2020. RMI: sa: CM: Medium Remodeling Projects data remains active status in CEIC and is reported by National Association of Home Builders. The data is categorized under Global Database’s United States – Table US.EB: NAHB/Westlake Royal Remodeling Market Index.

In 2020, 48 percent of French people had already undertaken home decor projects in their home. Additionally, 32 percent of the respondents had renovated their bathroom or their kitchen. Facade renovation projects were the least popular of the list with 12 percent of the French who had carried out this type of work on their home.

Despite the pandemic's broader economic disruptions, low interest rates in 2020 initially fueled a housing market boom driven by work-from-home orders and a shift toward residential construction. This surge was a lifeline for builders amid economic turbulence. However, the tide turned in 2022 and 2023 as the Federal Reserve's interest rate hikes curbed housing investments, dampening consumer enthusiasm and slowing residential construction activity. Low housing stock and rate cuts late in 2024 led to growth in single-family housing starts, boosting revenue. Single-family home development climbed in more affordable and less densely populated areas in 2024, but new multifamily developments have plummeted. Industry revenue has been climbing at a CAGR of 0.8% over the past five years to total an estimated $233.5 billion in 2025, including an estimated increase of 0.2% in 2025 alone. The initial boom in 2020 and 2021 led to one of the most significant expansions in home-building in recent memory, yet interest rate hikes soon tempered this growth. As smaller-scale developers struggled with escalating construction costs and regulatory hurdles, larger, financially robust companies like DR Horton, Lennar and PulteGroup managed to thrive and expand their operations. These larger companies maximized their market share, leveraging their resources to navigate the challenging economic climate and maintain momentum despite the pressures of rising material costs and labor shortages. These rising material costs and labor shortages have driven up purchase and wage costs, contributing to profit declines over the past five years. Expected interest rate cuts will boost housing developers. Developers will benefit from these favorable conditions, especially those who strategically invest in less densely populated areas to meet the growing appetite for affordable housing. Rate cuts will also provide relief to smaller housing developers more sensitive to interest rate fluctuations. Sustainability also looms on the horizon, with tax incentives and energy-efficient building standards encouraging developers to explore eco-friendly construction. Still, rising material costs and labor shortages will continue to stifle profit growth and increase housing prices. Larger companies will continue to gain market share, strategically developing homes near areas with strong job growth near new large manufacturing facilities. Industry revenue is forecast to expand at a CAGR of 1.4% to total an estimated $250.6 billion through the end of 2030.

The DIY Market report segments the industry into By Product Type (Lumber and Landscape Management, Decor and Indoor Garden, Kitchen, Painting and Wallpaper, Tools and Hardware, Building Materials, Lighting, Plumbing and Equipment, Flooring, Repair, and Replacement, Electrical Work), Distribution Channel (DIY Home Improvement Stores, Specialty Stores, Online, and more), and Geography (North America, Europe, Asia-Pacific, and more).

RMI: Market Outlook Compare to Three Months Ago: Same data was reported at 62.000 Point in Dec 2022. This records a decrease from the previous number of 67.000 Point for Sep 2022. RMI: Market Outlook Compare to Three Months Ago: Same data is updated quarterly, averaging 64.500 Point from Mar 2020 (Median) to Dec 2022, with 12 observations. The data reached an all-time high of 78.000 Point in Sep 2021 and a record low of 34.000 Point in Mar 2020. RMI: Market Outlook Compare to Three Months Ago: Same data remains active status in CEIC and is reported by National Association of Home Builders. The data is categorized under Global Database’s United States – Table US.EB088: NAHB/Westlake Royal Remodeling Market Index.

The global interior design software market is anticipated to expand at a CAGR of 7.8% from 2025 to 2033, reaching a value of $185,960 million by 2033. The increasing demand for residential and non-residential construction projects, coupled with the growing popularity of home improvement and renovation activities, is driving the growth of the market. Additionally, the rising adoption of advanced technologies such as augmented reality (AR) and virtual reality (VR) in interior design is contributing to the market's expansion. The market is segmented based on application into residential and non-residential. The residential segment is expected to hold a larger market share due to the escalating demand for personalized and stylish home interiors. The non-residential segment is also expected to experience significant growth, driven by the increasing construction of commercial and public spaces. Geographically, North America is anticipated to dominate the market, followed by Europe and Asia Pacific. The increasing adoption of interior design software in developed economies and the rise of smart home technology are key factors contributing to North America's dominance. The global interior design software market is a multi-billion-dollar industry that is growing rapidly. The market is driven by a number of factors, including the increasing popularity of home improvement and remodeling, the growing demand for personalized and customized spaces, and the increasing use of technology in the design process. Interior design software allows users to create 2D and 3D plans of their space, as well as experiment with different design options. The software can be used to create realistic renderings of the space, which can help users to visualize the finished product before it is built. Some of the leading players in the interior design software market include Autodesk, Dassault Systemes, Trimble, and SmartDraw. These companies offer a range of software products that are designed to meet the needs of different users, from homeowners to professional designers. The interior design software market is expected to continue to grow in the coming years. The market is expected to reach a value of $2.5 billion by 2025, up from $1.5 billion in 2020. The growth of the market is expected to be driven by the increasing demand for home improvement and remodeling, as well as the growing popularity of smart home technology.

The sector is primarily characterised by DIY and home improvement stores and smaller specialist retailers that focus on specific product categories in the DIY market. As is typical for the retail sector, the industry's development follows macroeconomic trends. In 2020, the pandemic-related contact and travel restrictions initially led to consumers carrying out more home improvement and renovation projects in their houses and flats. However, as they brought forward their consumption in many cases as a result, industry sales fell again in 2021. The past two years were characterised by high energy and food prices, which had a negative impact on consumers' propensity to spend, overall economic development and thus sales in DIY and home improvement stores. As a result, industry sales have fallen by an average of 1% per year since 2019.In 2024, turnover in the sector is expected to amount to 27.8 billion euros, which corresponds to an increase of 0.6% compared to the previous year. The continued high energy and food prices as well as shifts in consumer spending towards the areas of travel and leisure and the necessary everyday errands are responsible for the restrained growth. The current decline in inflation rates and the European football championships in Germany are likely to have a positive impact. In addition, the garden segment could develop into a relevant demand and sales turbo for the industry. It can be observed that even if housing construction falters, the garden is far less affected and is a top priority for people.IBISWorld expects turnover to increase to 29.8 billion euros in 2029. This corresponds to average annual growth of 1.4%. The coming years are likely to hold moderate growth potential for the industry. Overlaps in the markets' coverage areas and the already very high branch density of DIY store chains in Germany are likely to have an inhibiting effect on growth. However, IBISWorld expects new sales to be generated through a stronger focus on services among industry players.

Residential building contractors are contingent on the propensity of property developers to invest in new ventures; movements in property prices; government schemes intended to boost the housing supply; and underlying sentiment in the housing market. Industry contractors have endured turbulent operating conditions over the past five years, leading to volatile shifts in revenue and profitability. Revenue is forecast to grow at a compound annual rate of 1% over the five years through 2024-25, reaching £97.4 billion. The pandemic caused a significant drop in output in 2020-21, as restrictions placed on on-site activity and fewer enquiries for new housing units reduced revenue opportunities. Aided by government support for the housing market and the release of pent-up demand, 2021-22 was characterised by a strong rebound in activity, though materials and labour shortages maintained constraints on output. Mounting supply chain disruption and heightened economic uncertainty maintained pressure on output in the following year, though revenue growth was maintained by growth in average selling prices. Interest rate hikes and inflationary pressures led to a more subdued housing market in 2022-23, holding back the number of housing starts and completions during the year. This was followed by a slump in new residential building construction in the following year, as high borrowing costs and uncertain market conditions caused developers to scale back investment plans. Revenue is set to grow by 1.5% in 2024-25, aided by a slight improvement in new orders for residential building construction and an uptick in average selling prices. Revenue is slated to climb at a compound annual rate of 1.5% to reach £105.1 billion over the five years through 2029-30. Housebuilding activity is set to grow in the medium-term, aided by the release of pent-up demand. Nonetheless, significant uncertainty remains, with mortgage rates likely to settle well-above pre-pandemic levels and supply chains remaining fragile. The new government’s pledge to deliver 1.5 million houses during the first five years of parliament will boost demand for industry contractors, though the full impact of this on growth prospects is dependent on the nature and extent of accompanying funding plans.

United States Home Sales: sa: New Construction: Single Units Only data was reported at 67.852 Unit th in Jan 2021. This records a decrease from the previous number of 70.645 Unit th for Dec 2020. United States Home Sales: sa: New Construction: Single Units Only data is updated monthly, averaging 54.031 Unit th from Jan 2012 (Median) to Jan 2021, with 109 observations. The data reached an all-time high of 76.170 Unit th in Oct 2020 and a record low of 31.999 Unit th in Jan 2012. United States Home Sales: sa: New Construction: Single Units Only data remains active status in CEIC and is reported by Redfin. The data is categorized under Global Database’s United States – Table US.EB: Home Sales.

Graph and download economic data for Total Construction Spending: Residential in the United States (TLRESCONS) from Jan 2002 to Mar 2025 about residential, expenditures, construction, and USA.