Home improvement spending remains near record levels, even as housing turnover slows, with repair and replacement projects continuing to anchor demand.
DIY refreshes and essential replacements are outperforming large-scale remodels, as homeowners prioritize smaller, needs-based projects over discretionary upgrades.
With nearly three-quarters of homeowners saying it’s a bad time to buy a new house, fewer moves are happening—shifting demand toward reinvestments in existing homes.
Disposable income—not consumer sentiment—is the primary driver of home improvement spending, making financial capacity a more reliable predictor than consumer confidence.
Millennials are steadily increasing their share of home improvement spending, while Boomers’ share continues to decline as homeownership demographics shift.
