According to the research report titled ‘U.S. Home Remodeling Market Size By Project (DIY, DIFM), By Distribution Channel, 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, U.S. home remodeling market is expected to reach USD 500 billion by the year 2026.
 

Rising per capita income coupled with proliferating real estate sector are some of the major factors fueling the growth of U.S. home remodeling market. Growing demand for luxurious and energy efficient living spaces coupled with mounting development of green infrastructure are also aiding towards the market expansion.
 

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Favorable regulatory outlook and rising number of financing options for home remodeling projects are also paving the way towards the market growth. In addition, mounting costs of land coupled with low lending rates have propelled the demand for home remodeling in the United States.
 

Rising cognizance regarding environment protection as well as energy conservation have impelled the demand for green building materials. Moreover, technological breakthroughs and escalating expenditure towards home improvements are stimulating U.S. home remodeling industry outlook.
 

By wholesale, the report cites that kitchen additions & improvements segment is expected to register significant growth during the study period. Collective inclination towards streamlined textures, materials, and design in tandem with increasing popularity of bathroom fittings are contributing towards the segmental growth.
 

The major companies operating in U.S. home remodeling market are R. E. Michel Company LLC, Pacific Coast Supply LLC, MacArthur Co., T&A Supply Company Inc., Keller Supply Co., F. W. Webb Company, M S International Inc., Watsco Inc., HD Supply Holdings Inc., Beacon Roofing Supply Inc., Woodhill Supply Inc., Mayer Electric Supply Company Inc., United Wholesale Supply Inc., APCO Industries Ltd., Webb Concrete & Building Materials Inc., Enterprise Wholesale Inc., Lu Kitchen & Bath Inc., National Wholesale Supply Inc., BMC Stock Holdings Inc., Harvey Industries Inc., 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 Andersen Corporation.