In 2002, Congress and the National Association of the Remodeling Industry declared May as National Home Improvement Month to celebrate the traditions of home improvements that take place in the spring.
Remodeling Outlook
Each quarter NARI publishes a Business Pulse that measures the current health of the industry and outlook for the near term. It provides insight on specific business issues as well as lobbying efforts. Home improvement spending approached an estimated $315B in 2014, according to Harvard University’s Joint Center for Housing Studies.
Information about Remodelers
NARI consists of 51 chapters nationwide. A typical NARI remodeler is:
- Experienced: Average years in business: 21.1
- Educated: 22% of remodeler members have a certified individual on staff holding at least one NARI certification as a remodeler, kitchen and bath remodeler, green certified or universal design.
- Dedicated: 100% are residential remodelers; 56% of sales come from remodeling existing rooms; 36% of remodelers also do commercial remodeling
- Successful: Average project cost $51,500; 46% have gross sales of $1,000,000 and above; 2015 CotY entries totaled more than $85.5 million worth of remodeling projects
- Award Winning: Many have won regional and national CotY Awards and other industry awards and recognition
- Diversified in services: 82% work as the general contractor; 28% work as sub-contractor; 90% provide in-house design services; 46% have dedicated sales personnel.
What are the top 5 remodeling projects?
- Kitchens 82%
- Baths 81%
- Additions 67%
- Basements 51%
- Exterior replacements 50%