In 2024, U.S. homeowners spent an estimated $603 billion on remodeling projects, driven by factors such as aging homes, high mortgage rates, and a desire to enhance comfort. The National Association of REALTORS® (NAR) reports that projects like adding a primary bedroom suite, upgrading the kitchen, and installing new roofing received perfect “Joy Scores” of 10, indicating high homeowner satisfaction.
According to the National Association of Realtors, “Housing affordability and the rise in mortgage rates have been pondered to be a motivating factor to remodel one’s home.”
