The COVID-19 pandemic has significantly changed living preferences. Remote lifestyles led to growth in remodeling projects. Approximately 76% of American homeowners did a home improvement project in 2020. Moreover, the U.S. remodeling industry registered massive growth last year, earning nearly $1.1 billion in revenue.
This trend is expected to continue in the upcoming years. The increasing residential renovation projects driven by rising per capita income should drive the industry’s growth. The remodeling market from residential applications registered nearly $3,000 billion in revenue in 2022.
