Home Renovation Cost Statistics 2026: Project Costs, ROI, and Market Trends
100+ statistics on home renovation costs by project type, remodeling market size, materials inflation, and homeowner spending behavior. Data from NAHB, Census Bureau, Angi/HomeAdvisor, Statista, and industry surveys.
Americans spent $526 billion on home improvements in 2024, and the market is projected to reach $553 billion by 2026. Whether you're a contractor building estimates or a homeowner planning a renovation, understanding what projects cost — and where costs are heading — is essential. This report compiles source-verified cost statistics for every major renovation type.
Key Findings at a Glance
$526 billion
Total U.S. home improvement expenditure in 2024, projected to reach $553 billion by 2026.
Statista
$26,946
Average kitchen remodel cost nationally, with major remodels running $20,000–$65,000 and full makeovers exceeding $130,000.
Angi/HomeAdvisor
128,187
Residential remodeling establishments in the U.S. — a record high. Remodelers now outnumber single-family builders by 65%.
NAHB
59%
Of homeowners who renovated in 2024 were Baby Boomers, making them the dominant renovation demographic.
Statista
Remodeling Market Size
| Metric | Value | Source |
|---|---|---|
| Total home improvement expenditure (2024) | $526 billion | Statista |
| Projected expenditure (2026) | $553 billion | Statista |
| Projected expenditure (2028) | ~$590 billion | Statista |
| Residential remodeling establishments | 128,187 (record high) | NAHB |
| Remodelers vs. single-family builders | Remodelers outnumber by 65% | NAHB |
| Home center retail sales (2024) | $328 billion | Statista |
| DIY lumberyard sales (2024) | $133.2 billion | Statista |
| Hardware store sales (2024) | $64.8 billion | Statista |
Leading Home Improvement Retailers (2024 Sales)
| Retailer | Annual Sales | Store Count |
|---|---|---|
| The Home Depot | ~$160 billion | 2,000+ stores |
| Lowe's | $83.7 billion | 1,748 stores |
| Menards | $13.16 billion | — |
| Ace Hardware | $9.5 billion | 4,994 stores |
Source: Statista, 2024
NAHB Remodeling Market Index (RMI)
| Quarter | RMI Score | Trend |
|---|---|---|
| Q4 2025 | 64 | Up 4 points from Q3 |
| Q3 2025 | 60 | Up 1 point from Q2 |
| Q2 2025 | 59 | Down 4 points from Q1 |
Source: NAHB/Westlake Royal Remodeling Market Index
An RMI score above 50 indicates more remodelers report market activity is higher than lower. The index has been above 50 consistently, signaling sustained demand.
Kitchen Remodel Costs
| Scope | Cost Range |
|---|---|
| National average | $26,946 |
| Typical range | $14,586–$41,526 |
| Per square foot | $75–$250 |
| Budget-friendly | $3,500–$20,000 |
| Minor remodel | $10,000–$20,000 |
| Major remodel | $20,000–$65,000 |
| Full makeover | $65,000–$130,000+ |
Source: Angi/HomeAdvisor
Kitchen Cost by Size
| Kitchen Size (sq ft) | Cost Range |
|---|---|
| 75 sq ft | $5,600–$17,500 |
| 100 sq ft | $7,500–$25,000 |
| 150 sq ft | $11,250–$37,500 |
| 200 sq ft | $15,000–$50,000 |
Source: Angi/HomeAdvisor
Kitchen Component Breakdown
| Component | Cost Range |
|---|---|
| Cabinets | $2,000–$28,000 ($100–$1,200+/linear ft) |
| Countertops | $1,870–$4,400 (up to $10,000+ high-end) |
| Flooring | $1,000–$4,000 |
| Appliances | $125–$5,000 per appliance |
| Labor | ~25% of total renovation cost |
| Plumbing | ~$1,250 average |
| Electrical | ~5% of remodel budget |
| Permits | $460–$2,770 |
| Designer fees | $65–$250/hour (typically 3% of budget) |
Source: Angi/HomeAdvisor
Building a kitchen remodel estimate? Use our free template with pre-built line items. Kitchen remodel estimate template →
Bathroom Remodel Costs
| Scope | Cost Range |
|---|---|
| National average | $11,500–$13,000 |
| Typical range | $6,600–$17,000 |
| Per square foot | $120–$275 |
| Half bath remodel | $3,000–$7,000 |
| Standard full bath | $6,000–$15,000 |
| Master bath remodel | $10,000–$30,000+ |
| High-end/luxury | $25,000–$50,000+ |
Source: Angi/HomeAdvisor
Bathroom remodeling is the most common renovation project in 2025 (NAHB).
Roof Replacement Costs
| Metric | Value |
|---|---|
| National average | $9,535 |
| Typical range | $5,871–$13,227 |
| Asphalt shingles (most common) | $5,000–$10,000 |
| Metal roofing | $8,000–$20,000 |
| Tile roofing | $10,000–$25,000+ |
| Slate roofing | $15,000–$40,000+ |
Source: Angi/HomeAdvisor
Create a professional roofing estimate. Roofing estimate template →
Window Replacement Costs
| Metric | Value |
|---|---|
| Average cost per window | $850 |
| Typical range per window | $300–$2,100 |
| Full-frame replacement labor | $150–$800/window |
| Retrofit replacement labor | $100–$300/window |
Source: Angi/HomeAdvisor
Cost by Number of Windows
| Windows | Cost Range |
|---|---|
| 8–10 windows | $3,200–$7,000 |
| 10–15 windows | $4,000–$10,500 |
| 15–25 windows | $6,000–$17,500 |
| 25–40 windows | $10,000–$28,000 |
Source: Angi/HomeAdvisor
Window Material Costs
| Material | Cost per Window |
|---|---|
| Aluminum | $75–$400 |
| Vinyl | $100–$900 |
| Wood | $150–$1,300 |
| Composite | $300–$1,200 |
| Fiberglass | $500–$1,500 |
Source: Angi/HomeAdvisor
Siding Installation Costs
| Metric | Value |
|---|---|
| Average cost | $11,578 |
| Typical range | $5,559–$17,710 |
| Per square foot | $1–$30 |
| Labor rate | $40–$75/hour |
Source: Angi/HomeAdvisor
Siding Cost by Material
| Material | Cost per Sq Ft |
|---|---|
| Vinyl | $3–$12 |
| Engineered wood | $1–$6 |
| Aluminum | $3–$6 |
| Stucco | $7–$9 |
| Fiber cement | $5–$14 |
| Wood | $1–$15 |
| Steel | $4–$16 |
| Brick veneer | $3–$10 |
| Stone veneer | $5–$11 |
| Brick | $10–$20 |
| Stone | $7–$30 |
Source: Angi/HomeAdvisor
HVAC System Costs
| System Type | Cost Range |
|---|---|
| Full HVAC system (avg) | $5,000–$12,500 (avg $7,500) |
| Central AC unit | $3,900–$7,900 |
| Gas furnace | $3,800–$10,000 |
| Electric furnace | $1,700–$7,100 |
| Heat pump | $4,200–$7,600 |
| Gas boiler | $2,800–$9,000 |
| Ductwork | $1,000–$2,700 |
| Full system with ductwork | $8,500–$19,200 |
| Cost per sq ft of coverage | $25–$60 |
| Average labor cost | $500–$2,500 (avg $1,500) |
Source: Angi/HomeAdvisor
Need an HVAC estimate template? HVAC estimate template →
Flooring Installation Costs
| Metric | Value |
|---|---|
| National average | $3,155 |
| Typical range | $1,529–$4,852 |
| Per square foot (installed) | $3–$22 |
Source: Angi/HomeAdvisor
Flooring Cost by Material
| Material | Cost per Sq Ft (installed) |
|---|---|
| Vinyl | $2–$14 |
| Linoleum | $3–$12 |
| Laminate | $3–$13 |
| Carpet | $3.50–$11 |
| Hardwood | $6–$25 |
| Stone | $6–$20 |
| Tile | $15–$20 |
| Wood tile | $15–$20 |
Source: Angi/HomeAdvisor
More Project Costs
Deck Building
| Metric | Value |
|---|---|
| Average cost | $8,280 |
| Typical range | $4,340–$12,617 |
| Pressure-treated wood | $2–$5/sq ft |
| Cedar | $3–$7/sq ft |
| Composite | $12–$22/sq ft |
| Ipe (hardwood) | $10–$20/sq ft |
Source: Angi/HomeAdvisor
Basement Finishing
| Metric | Value |
|---|---|
| National average | $22,876 |
| Typical range | $12,020–$34,632 |
| Per square foot (standard) | $30–$75 |
| Per square foot (high-end) | $120+ |
Source: Angi/HomeAdvisor
Garage Door Replacement
| Metric | Value |
|---|---|
| Average cost | $1,200–$4,200 |
| Single door | $750–$2,500 |
| Double door | $1,500–$4,500 |
Source: Angi/HomeAdvisor
Generate estimates for any trade. Browse all our free templates with pre-built line items. All estimate templates →
Materials Cost Trends
Lumber Price Index (PPI, 1982=100)
| Period | Index Value | Trend |
|---|---|---|
| February 2026 | 271.98 | — |
| January 2026 | 265.37 | — |
| December 2025 | 259.22 | — |
| November 2025 | 259.53 | — |
| October 2025 | 259.12 | — |
Source: BLS Producer Price Index via FRED
Lumber prices are up from 2025 lows but remain well below the pandemic peak of ~500 in May 2021.
Construction Materials Inflation
| Material / Metric | Change | Period |
|---|---|---|
| Overall construction inflation (peak) | 17.3% | 2022 |
| Building materials price growth | 15% → 1.3% | 2022 → 2023 |
| Gypsum (drywall) | +44.6% | Two years ending Dec 2022 |
| Ready-mix concrete | +11.2% | 2023 |
| Steel mill products | +5% YoY | Through Feb 2024 |
| Residential construction inflation | 3.0% | 2024 |
| Copper-based materials | 10%+ higher YoY | Late 2024 |
Source: Construction Analytics (Ed Zarenski); NAHB; Statista
Private Residential Construction Spending
| Month | Spending (millions) |
|---|---|
| January 2026 | $63,673 |
| December 2025 | $67,677 |
| November 2025 | $73,926 |
| October 2025 | $77,669 |
| September 2025 | $79,474 |
Source: Census Bureau via FRED
Private residential construction spending dropped approximately 20% from September 2025 to January 2026.
Homeowner Spending Behavior
| Metric | Value | Source |
|---|---|---|
| Total home improvement spending (2024) | $526 billion | Statista |
| Baby Boomers' share of renovators (2024) | 59% | Statista |
| Interior room remodeling participation | 69% of renovators | Statista |
| Most common project (2025) | Bathroom remodeling | NAHB |
| Aging-in-place projects (Q1 2025) | 56% of remodelers (lowest recorded) | NAHB |
| Smart appliance ownership | 16% of U.S. households | Statista |
| Average Lowe's transaction | $103 | Statista |
| Average Home Depot transaction | $89 | Statista |
Customer Satisfaction (2025)
Lowe's leads with 680 points on a 1,000-point scale in customer satisfaction (Statista).
Market Trends & Outlook
- Private residential construction spending was up 1.3% in October 2025 but 2% lower year-over-year (NAHB).
- After 6 consecutive monthly declines (March–May 2025), spending posted its first gain in July 2025 (+0.1%).
- The NAHB Remodeling Market Index rose to 64 in Q4 2025, signaling sustained demand despite spending fluctuations.
- Swimming pool permits fell to lowest levels since 2020 in December 2025 (NAHB).
- Residential improvement activity remained solid in 2024 with moderated growth from the 2022 surge.
- The home improvement market is projected to grow from $526 billion (2024) to $590 billion by 2028.
Methodology and Sources
All statistics in this report are sourced from publicly available industry data, government reports, and verified cost databases. Primary sources include:
- Angi/HomeAdvisor: True Cost Guide — project-specific cost data based on reported costs from homeowners.
- NAHB: Remodeling Market Index (RMI); Construction Spending Analysis; Remodeling Industry Reports.
- Statista: U.S. Home Improvement Market Overview; Consumer Spending Data; Retailer Revenue.
- U.S. Census Bureau: Construction Spending (C-30) Reports via FRED.
- BLS: Producer Price Index for Lumber and Construction Materials.
- Construction Analytics (Ed Zarenski): Construction Inflation Analysis.
Last updated: March 2026.
If you found this data useful, please cite as: “Home Renovation Cost Statistics 2026: Project Costs, ROI, and Market Trends,” docjoist.com, March 2026.
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