Survey Says… Remodeling Industry Business Has Completely Recovered from COVID-19 Pandemic

According to a recent survey conducted by the National Association of Home Builders (NAHB), which happens to coincide with start of National Remodeling month in May, confidence in the remodeling market continues to increase. In the survey, 5% of remodelers reported that more than half of their projects in 2020 were a direct consequence of the pandemic. Of all projects, 74% were for bathrooms, followed by kitchens at 67%, and whole house at 51%. 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. In prepared remarks for the survey’s release, NAHB Remodelers Chair Steve Cunningham, a remodeler himself from Williamsburg, Virginia, said, “The remodeling market took a hit last year at the start of the pandemic, but it’s completely turned around now. Remodelers are now facing intense backlog on projects due to supply chain delays, continued labor shortages and an abundance of project leads.”

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Remodeling Industry Fully Recovered from Pandemic