An aging housing stock and record levels of home equity will create positive growth prospects for the remodeling sector in 2025, according to the National Association of Home Builders.
Housing affordability challenges caused by inflation and high mortgage costs are signaling demand for remodeling projects will remain solid in 2025.
“Remodeler sentiment has remained in positive territory, well above the break-even point of 50, since the second quarter of 2020,” NAHB Economist Eric Lynch said during a panel at the International Builders’ Show. “One of the key factors for growth in the remodeling market is the aging housing stock, which continues to drive renovation projects. Homeowners are increasingly choosing to tap into their home equity and invest in improvements rather than relocate, creating long-term growth prospects for the industry.”
Read the full report here.
