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…
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