Survey shows remodeling industry fully recovered from pandemic

remodeling
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WASHINGTON — Confidence in the remodeling market continues to increase, according to a recent survey by the National Association of Home Builders (NAHB) Remodelers. NAHB released the survey results, which highlights how the pandemic affected remodelers’ businesses, to kick off National Home Remodeling Month in May.

“The remodeling market took a hit last year at the start of the pandemic, but it’s completely turned around now,” said NAHB Remodelers Chair Steve Cunningham, CAPS, CGP, a remodeler from Williamsburg, Va. “Remodelers are now facing intense backlog on projects due to supply chain delays, continued labor shortages and an abundance of project leads.”

In the survey, 41% of remodelers reported that up to 50% of their projects in 2020 were a direct consequence of the pandemic. Seventy-four percent of all projects were bathrooms, followed by kitchens at 67% and whole house at 51%. A desire for better/newer amenities was cited as the most common motivation for remodeling, followed by a need to repair or replace older components and a desire or need for more space.

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“As home owners continue to make modifications to their homes, it’s important that they do their research and hire a qualified professional,” said Cunningham. “Whether it’s a small project or a whole house remodel, a qualified professional remodeler can help home owners create a space that works for them.”

According to the Remodeling Futures Program at the Joint Center for Housing Studies of Harvard University, growth in remodeling remodeling, improvement, and repair expenditures are expected to remain solid throughout the year and into 2022.

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