Remodeling spending trend: natural disaster repairs

Natural disaster repairs are growing in their share of the overall remodeling market. According to data from the Harvard Joint Center for Housing Studies in their latest Improving America’s Housing 2025 report, this is an increasing trend. From 2022 and 2023 spending for repairs caused by natural disasters represented 6 percent of the total market share. This is up from 4 percent reported two decades earlier. According to the NOAA Billion Dollar Weather and Climate Disaster database, in 2023 the U.S. experienced 28 record breaking disasters each with an estimated total for…

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