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U.S. residential improvements 2005-2019, with forecasts up until 2024

The U.S. home improvement market grew by more than 10 billion U.S. dollars in 2020, but is set to decline in market size in the following years. Overall new residential construction in the United States is to increase by 15 billion U.S. dollars, this despite the impact of COVID-19. The source adds this increase mostly stems from home improvements - additions, alterations and major replacements. Single-family housing construction and multifamily houses being built also increased, but not as much.

Residential improvements in the United States from 2005 to 2019, with forecasts from 2020 to 2024

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Release date

October 2020


United States

Survey time period

Q3 2020

Special properties

Forecast from Q3 2020, based on Q2 2020 actuals

Supplementary notes

The figures have been taken from several publications.

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Statistics on "Residential construction in the United States"

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