Remodeling in the US
Operators in the Remodeling industry remodel and renovate the interiors and exteriors of residential buildings, which includes activities such as additions, alterations, reconstruction, maintenance and repair work. Over the five years to 2019, the Remodeling industry has expanded as a result of several economic factors that have encouraged an increase in private consumer spending on home improvements. A decline in unemployment has led to improvements in consumers' per capita disposable income levels, causing homeowners to undertake more professional remodeling projects. Over the five years to 2024, industry growth is expected to be driven by a continued rise in per capita disposable income.
Operators in this industry remodel and renovate the interiors and exteriors of residential buildings (i.e. single-family homes and multifamily apartment building units). Remodeling includes additions, alterations, reconstruction, maintenance and repair work. This industry is composed of general contractors, operative remodelers, remodeling design-build companies and remodeling project construction management companies. This industry does not include commercial remodeling.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.
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