Residential improvements in the U.S. 2005-2023, with forecasts up until 2028

Published by
Fernando de Querol Cumbrera,
Aug 7, 2024

The U.S. home improvement market fell by over 18.5  billion U.S. dollars between 2022 and 2023. However, it is expected to increase its market size again in the years after that. Overall new residential construction in the United States is expected to follow a similar growth trend.

Residential improvements in the United States from 2005 to 2023, with forecasts until 2028 (in billion current U.S. dollars)

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Release date

April 2024

Region

United States

Survey time period

2005 to 2023

Supplementary notes

The figures have been taken from several publications.

The source adds this increase mostly stems from home improvements - additions, alterations and major replacements. Single-family housing construction and multifamily houses being built also increased, but not as much.

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