Homeowners in the U.S. are increasing their spending on renovations despite a general downturn in consumer confidence and overall retail sales. Notably, sales at building material retailers saw a significant rise, marking their most substantial increase since 2022. This trend persists even as costs for home repairs continue to rise, primarily influenced by labor expenses rather than tariffs. Companies like Home Depot report fewer large renovation projects, likely due to high interest rates affecting homeowners' borrowing decisions, yet renovation spending remains strong, reflecting a steady commitment to home improvement.
"Despite a broader consumer pullback due to economic uncertainty, U.S. homeowners are investing in renovations, with spending and sales at building supply retailers on the rise."},{"quote":"The data indicates that, although prices for home improvement are climbing, motivated homeowners are prioritizing renovation projects, partly due to stagnation in the housing market."}],
Collection
[
|
...
]