NAHB Survey Shows Remodeling Industry Fully Recovered from Pandemic
May 4, 2021 from TalkFloor
“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, CAPS, CGP, a remodeler from Williamsburg, Virginia. “Remodelers are now facing intense backlog on projects due to supply chain delays, continued labor shortages and an abundance of project leads.”
In the survey, 41 percent of remodelers reported that up to 50 percent of their projects in 2020 were a direct consequence of the pandemic. Seventy-four percent of all projects were bathrooms, followed by kitchens at 67 percent and whole house at 51 percent. A desire for better/newer amenities was cited as the most common motivation for remodeling, followed by a need to repair or replace older components and a desire or need for more space.
“As home owners continue to make modifications to their homes, it’s important that they do their research and hire a qualified professional,” said Cunningham. “Whether it’s a small project or a whole house remodel, a qualified professional remodeler can help home owners create a space that works for them.”
For more information about remodeling and to find a professional remodeler in your area, visit nahb.org/other/consumer-resources.