While many U.S. homeowners are facing economic pressure, renovation projects remain a priority. The How America Renovates 2026 report found that 68% of respondents reporting that their projects are for home functionality, not resale value. This comes as 42% of homeowners surveyed said that economic concerns affected their project plans, a majority of them continued rather than pausing. Despite economic headwinds, the rise is functionality is pressured by the increase in multigenerational living.
“This reality is tied closely to changing household dynamics,” wrote Block Renovation in the study. “Multigenerational living is no longer a niche scenario, with more than one in five survey respondents reporting two or more generations of adults living in their home.
