In the second quarter of 2026, the National Association of Home Builders Remodeling Market Index (RMI) posted a reading of 61, down one point compared to the previous quarter. Even with this slight decline, remodeler sentiment remains the standout sector within the housing industry. With current mortgage rates above the median outstanding rate for existing homeowners, the incentive to remodel instead of purchasing a new home persists due to this lock-in effect. The RMI is based on a survey that asks remodelers to rate various aspects of the residential remodeling…
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Global remodeling market on the rise
The global remodeling market is on track for substantial growth, expected to rise from $973.37 billion in 2025 to $1.02 trillion in 2026, driven by a 5% compound annual growth rate (CAGR). Factors contributing to this growth include increased residential renovation spending, early adoption of smart home upgrades, as well as heightened demand for aesthetic improvements and professional services. By 2030, the market is projected to reach $1.24 trillion, thanks to a greater emphasis on sustainable retrofits, energy-efficient materials and expanding commercial renovation ventures. Trends anticipated in the future include…
Read MoreRemodeling growth outlook in 2026
According to the latest Leading Indicator of Remodeling Activity (LIRA) from the Remodeling Futures Program at the Joint Center for Housing Studies of Harvard University, annual spending on improvements and maintenance to owner-occupied homes is expected to gradually slow through 2026. The LIRA predicts that year-over-year growth in home renovation and repair spending will be 2.9% early this year before easing to 1.6% growth by the end of the year. “Single-family home sales and permitting activity have picked up modestly from very low levels, which should support a nominal increase…
Read MoreRemodel of the week: One Coast Design
The design team from One Coast Design remodeled the Coburn Hutchinson House in Summerville, S.C. The home is a rare surviving example of Charleston Single-style architecture, with one particular space standing out among the rest: The Blue Bathroom. Tucked into one of the home’s original guest suites and accessed through a set of original French doors off the piazza, the bathroom was transformed from a utilitarian clockroom into a vintage and period-accurate spa room. Michelle Sauter, lead designer at One Coast Design and owner of the Coburn Hutchinson House, described…
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