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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 | Mar 2016

Touched up: Housing market growth will provide a boost to industry demand and revenue

IBISWorld’s Remodeling market research report provides the latest industry statistics and industry trends, allowing you to identify the products and customers driving revenue growth and profitability. The industry report identifies the leading companies and offers strategic industry analysis of the key factors influencing the market.

Report Snapshot
Market Share of Companies
There are no companies with a dominant market share
Industry Statistics & Market Size
Revenue
$61bn
Annual Growth 11-16
4.5%
Annual Growth 16-21
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Profit
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Employment
335,403
Businesses
101,333
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 2021, 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 Analysis Chapter

The Remodeling industry, similar to the wider housing sector, has continued to rebound during the past five years. In 2011, weak disposable income growth and high unemployment discouraged homeowners from investing in their properties. Furthermore, while interest rates were at historically low levels during the first two years, private lenders tightened lending standards limiting households’ access to credit, forcing many to postpone or cancel planned renovations. Although some nondiscretionary industry services, such as roof repair or replacement, remained in relatively high demand, room additions, interior renovations and bathroom and kitchen remodeling all but ground to a halt... 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 companies. 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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