According to the research report titled ‘U.S. Home Remodeling Market Size By Project (DIY, DIFM), By Distribution Channel (Direct Selling Through Online, Direct Selling To Consumer, Wholesale To Retailer, Wholesale To Consumer, Wholesalers Selling Online), By Wholesale (Residential Trade, Residential Showroom, B2C), By Application (Windows & Doors, Kitchen Additions & Improvements, Bathroom Additions & Improvements, Landscaping, Flooring, Roofing, HVAC, Pools/Hot Tubs, Electrical Construction, Other Room Additions & Alterations), Industry Analysis Report, Growth Potential, Price Trends, Competitive Market Share & Forecast, 2019 – 2026’, available with Market Study Report, the U.S. home remodeling market is expected to cross USD 500 billion by the year 2026.
 

According to the report, escalating disposable income in tandem with flourishing real estate sector are major factors driving the U.S. home remodeling market growth. Shifting preference towards luxury and energy efficient living spaces are also aiding the market expansion. The rising trend of green buildings has increased renovation and remodeling expenditure, thereby driving the demand for home remodeling activities across the U.S.
 

Increasing material and labor cost has led to escalating expenditure in home remodeling. This factor coupled with availability of better financing options for home remodeling along with rising land costs and low lending rates are stimulating the industry outlook.
 

Based on the application spectrum, the report cites that kitchen additions & improvements segment is expected to register substantial growth during the forecast period. Rising popularity of farmhouse and mid-century designs has led to shifting preferences towards streamlined textures, designs, and materials which is further aiding market expansion.
 

Flooring application segment will also witness significant expansion due to growing acceptance of ceramic tiles and increasing demand for hardwood flooring. Additionally, high popularity of various bathroom fittings including rounded rectangle vanity mirrors, console sink vanities, wall mounted toilets, and floating vanities are facilitating the business scenario.
 

Advancements in technology pertaining to green roofing applications will contribute towards the growth of the U.S. home remodeling market.
 

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As per regional analysis, rising per capita income especially in Florida, Texas and California on home remodeling and renovation projects will surge the U.S. home remodeling market outlook.
 

R. E. Michel Company, Pacific Coast Supply LLC, Mac Arthur Co., T&A Supply Co. Inc., Keller Supply Co., F.W. Webb Company, MS International Inc., Watsco Inc., HD Supply Holdings Inc., Beacon Roofing Supply Inc., Woodhill Supply Inc., Mayer Electric Supply Co. Inc., United Wholesale Supply Inc., APCP Industries Inc., Webb Concrete & Building Materials, Enterprise Wholesale Inc., Lu Kitchen & Bath Inc., National Wholesale Supply, BMC Stock Holdings Inc., Harvey Building Products, The Sherwin – Williams Company, Pella Corporation, Masco Corporation, Kohler Co., JELD-WEN Inc., Franklin Building Supply CO., Ferguson Enterprises LLC, Builders FirstSource Inc., ABC Supply Co. Inc. and Anderson Corp. are the prominent companies operating in the U.S. home remodeling market.