According to a study by Renub Research, the U.S. residential remodeling market is expected to reach US$ 804.02 billion by 2033. This is a significant increase from $ 531.34 billion in 2024. Researchers expect a growth at a CAGR of 4.71% between 2025 and 2033.
They defined key factors that are driving the remodeling market. This includes the aging housing stock and maintenance requirements of the existing structures. “Roofing replacements, plumbing updates, electrical rewiring and HVAC improvements are now routine projects for homeowners seeking safety and efficiency.” Also a large factor is the rise of homeowner equity and financial capacity. With property values increasing, homeowner equity grew allowing for more financial freedom and security when making remodeling investments. The final big push towards remodeling activity is the increased priority and focus on energy efficiency and sustainability.
