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Remodeling in the US: Market Research Report

Market Research • Market Size • Industry Statistics • Industry Analysis • Industry Trends

Remodeling Market Research Report | NAICS 23611d | Jun 2014

Touched up: Housing market and disposable income growth will boost demand for remodeling

IBISWorld’s Remodeling market research report is a comprehensive guide to market size and growth prospects. Our industry reports offer strategic industry analysis of the factors influencing companies, including new product developments, economic, lifestyle and demographic influences, distribution and supply chain factors and pricing issues. Full analysis accompanies our data forecasts to illustrate how the market responds to emerging industry trends.

Report Snapshot
Market Share of Companies
There are no companies with a dominant market share
Industry Statistics & Market Size
Revenue
$52bn
Annual Growth 09-14
3.8%
Annual Growth 14-19
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Profit
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Employment
804,391
Businesses
102,915
Industry Analysis & Industry Trends

The Remodeling industry's foundation shook as the housing bubble burst, with several factors contributing to discourage consumers from spending on home improvements. During the five years to 2019, industry recovery will be driven by improvements in employment and per capita disposable income. Home prices are expected to continue rising, facilitating growth in demand for industry services because homeowners often leverage the value of their homes through loans to fund remodeling projects... purchase to read more

Industry Report - Industry Locations Chapter

The geographic distribution of the Remodeling industry primarily corresponds to the distribution of the population, home values and income levels across the country. The industry is concentrated in the Mid-Atlantic, the Southeast, the West and the Great Lakes region. According to the Metropolitan Perspectives study conducted by the Joint Center for Housing Studies of Harvard University, per household spending was higher in cities in the West and Northeast than in the South and Midwest, where incomes were generally lower. Home values play a role in the demand for residential remodeling because households are more likely to pursue remodeling activity when there is a lower cost-to-value ratio for recouping remodeling investment... purchase to read more

 


Industry ProductsRelated ReportsTable of Contents

What is the Remodeling Industry?

Operators in this industry remodel and renovate the interiors and exterior 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 firms and remodeling project construction management firms. This industry does not include commercial remodeling.

Industry Products
Kitchen remodelingBathroom remodelingRoom additions and other interior alterationsOutside additionsSystems and equipmentDisaster repairs
 
Industry Activities
Residential additions, alterations and renovations Construction management for residential remodelingFire and flood restorationHome improvementPorch constructionSunroom additionsKitchen and bathroom upgradesOther remodeling projects


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