Some of the more popular projects include adding or enclosing a porch. Remodeling demand remains high as more owners see growing equity in their homes.
NEW YORK – Bathroom and kitchen remodels remain the most popular home renovation projects, according to the National Association of Home Builders (NAHB) Remodelers professional group.
Bathroom remodels were cited as a common job by 65% of remodelers, followed by kitchen remodels (61%). After baths and kitchens, the most popular remodeling categories were:
- Whole house remodels (50%)
- Bathroom additions (23%)
- Windows/doors replacement (22%)
- Decks (20%)
- Enclosed/added porch (20%)
“There are many positive factors right now in the marketplace that are helping to support remodeling demand, including the low inventory of homes on the market, aging housing stock and growing equity that owners have in their homes,” said Pressgrove. “Residential remodeling activity is estimated to hold steady in 2024 compared to 2023.”
© 2024 Florida Realtors®
©Florida Realtors®
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