April was New Homes Month, but now that we have entered May, remodelers are in the spotlight.
May is NAHB’s National Home Remodelers Month, and with a resurgence of remodeling activity in 2021, now is a great time to highlight what is happening in the remodeling industry.
After a slow down in remodeling projects last year, remodelers’ businesses have picked back up to full speed.
“The remodeling market took a hit last year at the start of the pandemic, but it’s completely turned around now,” said NAHB Remodelers Chair Steve Cunningham, a remodeler from Williamsburg, Va. “Now, remodelers are facing intense backlog on projects due to supply chain delays, continued labor shortages and an abundance of project leads.”
NAHB’s Remodeling Survey
A recent survey conducted by NAHB revealed what type of projects homeowners are requesting from remodelers. Here is what the survey found:
Most Common Consumer Motivation for Remodeling:
- Better amenities
- Need to repair or replace older components
- Desire or need for more space
Most Common Remodeling Projects:
- Bathrooms – 74% of remodeling projects involved bathrooms.
- Kitchens – 67% of remodeling projects involved kitchens.
Bathroom and kitchen remodeling projects have been in high demand for several years, but this year, even more homeowners are reaching out for remodeling projects.
“As home prices and interest rates rise, many would-be home buyers are instead opting to stay put and make improvements to their current homes.”NAHB
Are you planning on making any renovations to your home this year? Let us know!