Home Improvement - Statistics & Facts

Published by Liam O'Connell, Apr 29, 2019
Building and renovating homes involves general contractors and subcontractors who build new homes and remodel existing homes. Home renovation projects also encompass the remodeling of external structures such as gardens, garages, and lawns. It was estimated that total U.S. home improvement expenditure amounted to about 394 billion U.S. dollars in 2018. Homeowners undertake home improvement to make residential properties more comfortable, upgrade air conditioning and heating systems, waterproof roofs and basements, soundproof rooms, and to extend their homes and boost energy savings.

In 2018, home center stores in the United States generated revenue that amounted to about 245.5 billion U.S. dollars. The leading home improvement chain as of 2017 was The Home Depot which generated 101 billion U.S. dollars in sales that year. Lowe’s came in second with about 69 billion dollars in sales in 2017. When it comes to store count, Ace Hardware had over twice the number of stores of either The Home Depot or Lowe’s in 2017. However, Ace Hardware falls into the hardware store category and thus has a much smaller store size than home centers. According to J.D. Power, the top home improvement store chain in the United States by customer satisfaction rate was Menards, with a customer satisfaction rating of 836 (based on a 1,000 point scale).

The average annual home improvement expenditure per homeowner amounted to 6,649 U.S. dollars in 2017, up from about 5,100 dollars the year before. Some of the most common home improvement projects among U.S. homeowners are landscaping the yard, replacing or acquiring new appliances, and painting the interior of the home. Consumer demand for environmentally friendly products, along with government-imposed standards to limit environmental harm is shaping the home building and improvement market. Consumers are opting for greener options such as photovoltaic roofing and vegetative roofs. Homeowners are also motivated to renovate their properties to cut utility costs by replacing windows and opting for energy-efficient thermal insulation.

Interesting statistics

In the following 4 chapters, you will quickly find the 31 most important statistics relating to "Home Improvement".

Home improvement retail industry in the U.S.

Dossier on the topic

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Important key figures

The most important key figures provide you with a compact summary of the topic of "Home Improvement" and take you straight to the corresponding statistics.

U.S. Home Improvement Retail Industry, by sector

U.S. Home Improvement Retail Industry, by format

Leading U.S. Home Improvement Retailers

Consumer Behavior

Interesting Statista reports

Statista Industry Report - NAICS Code 444
Statista Digital Market Outlook - Market Report

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