$608B
Projected remodeling market spending in 2025
Harvard's Joint Center for Housing Studies projected $608 billion in 2025 spending on improvements and repairs to owner-occupied and rental homes.
Source: Harvard Joint Center for Housing Studies, 2025 ↗25.8M
Homeowners making improvements in 2023
An estimated 25.8 million homeowners completed one or more improvement projects, representing 29.7% of homeowners.
Source: Harvard Joint Center for Housing Studies, 2025 ↗$4,700
Average homeowner improvement spending in 2023
Average spending on improvements reached nearly $4,700 per homeowner, before routine maintenance spending.
Source: Harvard Joint Center for Housing Studies, 2025 ↗42 years
Median age of owner-occupied homes in 2023
The median owner-occupied home was 42 years old, up from 37 years in 2013 and 31 years in 2003.
Source: Harvard Joint Center for Housing Studies, 2025 ↗$121B
Spending on discretionary interior projects in 2023
Kitchen and bath remodels, room additions, and similar discretionary projects accounted for $121 billion, or 30% of homeowner improvement spending.
Source: Harvard Joint Center for Housing Studies, 2025 ↗$139B
Energy-related homeowner improvements in 2023
Energy-related projects represented 34% of homeowner improvement spending, including roofing, HVAC, windows, doors, and insulation.
Source: Harvard Joint Center for Housing Studies, 2025 ↗What it means for homeowners
Older homes keep practical decisions at the center of a remodel.
When a home has decades of wear, remodeling decisions often reach beyond finishes. Layout, storage, lighting, ventilation, windows, doors, and aging systems all shape whether a room feels easier to use every day.
North Shore Home Remodeling focuses on kitchens, bathrooms, and basements for Chicago-area homeowners. A clear conversation about the room you want to change is the best place to begin.
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