Change in home improvement spending in the U.S. 2023

Published by Statista Research Department, Feb 13, 2024
About half of U.S. consumers said they could live without purchasing home improvement products for a while in the event of recession in the United States. Only about one-fifth of consumers said they would home improvement products at the same rate regardless.

Expected change in spending among consumers on home improvement due to possible recession in the United States as of 2023

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Release date

June 2023

Region

United States

Survey time period

Spring 2023

Number of respondents

668 respondents

Age group

21-65 years

Special properties

Plans to buy home improvement products in the next year

Supplementary notes

This question was phrased as follows: "If the U S enters a recession in the next 6 months, how would you categorize the following products, [home improvement]"

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