Survey: 13% more U.S. homeowners plan to remodel in the next 12 months compared with last year; adding a bathroom the most popular project

Cindy Allen

Cindy Allen

Jan 27, 2010 – PRNewswire

SUNNYVALE, California , January 27, 2010 (press release) – After a year of steady declines in home remodeling, the Spring 2010 www.remodelormove.com U.S. Remodeling Sentiment Report reveals a 13% increase in the number of homeowners who say they will remodel in the next 12 months. This increase follows a 5% increase in last year's Spring 2009 report. The continuing upward swing in remodeling sentiment indicates that 2010 will show a strong increase in remodeling activity.

The Spring 2010 Sentiment Report, a survey of 5,000 homeowners in the U.S. who are considering remodeling, also shows that the recession has had several impacts on U.S. homeowners. These include:

* The most popular projects in the past – remodeling the kitchen and bathrooms – have decreased in popularity, as adding a bathroom has taken the honors of the most popular project. This makes sense since, for many homeowners, updating an existing room can be put off because it is often seen as a "luxury", while for many the addition of a bathroom is a necessity due to changes in the needs of the family.
* Interest in do-it-yourself projects, both the actual building as well as acting as their own general contractor, has remained steady throughout the economic downturn.
* Economizing on the cost of materials is growing in popularity at the same time, as fewer homeowners are reporting they will use expensive materials for their remodel. The percentage of homeowners reporting they will use average costing materials remains the same.
* The number of homeowners reporting they are "excited" about remodeling has climbed to an all-time high of 54%, which is primarily due to homeowners who aren't excited about remodeling choosing to put their plans on hold to wait until the recession is over. This may be a costly choice for homeowners since the cost to remodel now is as much as 20% lower than in 2006, according to a special cost to remodel study published earlier this year at www.remodelormove.com.

Summary Results from the Report

Homeowners who report they:                  2008            2010  

Plan to hire a general contractor                 66%             64%

Plan to do some of the remodeling work     67%             66%

Are excited about remodeling                      48%             54%

Plan to remodel a bathroom                        49%             42%

Plan to remodel the kitchen                         55%             48%

Plan to add a bathroom                               49%             53%


Detailed report is available at http://www.remodelormove.com/survey_reports.cfm.

* All content is copyrighted by Industry Intelligence, or the original respective author or source. You may not recirculate, redistrubte or publish the analysis and presentation included in the service without Industry Intelligence's prior written consent. Please review our terms of use.

Share:

About Us

We deliver market news & information relevant to your business.

We monitor all your market drivers.

We aggregate, curate, filter and map your specific needs.

We deliver the right information to the right person at the right time.

Our Contacts

1990 S Bundy Dr. Suite #380,
Los Angeles, CA 90025 795

+1 (310) 558 0008
+1 (310) 558 0080 (FAX)

About Cookies On This Site

We collect data, including through use of cookies and similar technology ("cookies") that enchance the online experience. By clicking "I agree", you agree to our cookies, agree to bound by our Terms of Use, and acknowledge our Privacy Policy. For more information on our data practices and how to exercise your privacy rights, please see our Privacy Policy.