To kick off National Home Remodeling Month, the National Association of Home Builders (NAHB) highlighted recent data that demonstrated the remodeling sector’s growth. NAHB’s analysis of the Quarterly Census of Employment and Wages data shows that remodeling is capturing an increasing share of the residential construction market, both in the number of firms and employment.
Over the past 25 years, the number of remodeling companies has nearly doubled. In 2000, there were fewer than 69,000 firms. In the first quarter of 2025, there were more than 128,000. Remodelers now represent 56% all residential building construction (RBC) establishments.
The analysis of employment trends in RBC also shows that remodelers are generating a rising number and share of jobs. As of 2024, the remodeling sector accounted for 49% of RBC workers.
“Remodeling companies are less affected by the rise and fall of mortgage rates…so the remodeling industry has continued to grow despite a series of Federal Reserve rate hikes that have driven up the cost of buying a new home and hindered new construction,” said NAHB Remodelers Chair Elliott Pike, a remodeler from Homewood, Ala.
