A Cost vs. Value (CVV) report found that exterior replacement projects continue the multi-year streak of delivering the best return on investment (ROI) for homeowners.

Data from the recently released market update indicates a return to pre-pandemic market levels as inflation spikes and households complete home improvement projects. Ease in consumer spending through 2026 expected. 

Expenditures for improvements and repairs to the owner-occupied housing stock are expected to grow throughout 2022 and into early next year, but at a decelerating pace.

Despite the challenges faced so far this year, there are still overwhelming opportunities for remodeling professionals.

RICKI surveyed 1,000 U.S. homeowners on projects they would tackle if given $10,000. The overwhelming majority - one out of three - said they would spend the money on a bath or kitchen remodel, followed by new flooring.

CAMBRIDGE, MA – Strong growth in home improvement and maintenance expenditures is expected to continue over the coming year, according to the Leading Indicator of Remodeling Activity (LIRA) compiled by the Remodeling Futures Program at the Joint Center for Housing Studies of Harvard University.  The LIRA projects year-over-year gains in annual improvement and repair spending will reach 9 percent in the fourth quarter and maintain that pace into 2022.