1、REALTORS are members of the National Association of REALTORS.2025 Remodeling Impact ReportNational Association of REALTORSResearch Group2Lawrence Yun,Ph.D.Chief Economist and Senior Vice PresidentJessica Lautz,Dr.of Real EstateDeputy Chief Economist and Vice President,Research2025 National Associati

2、on of REALTORSAll Rights Reserved.May not be reprinted in whole or in part without permission of the National Association of REALTORS.For reprint information,contact datarealtors.org.April 2025NAR Research Staff3Table of ContentsIntroduction4Top Joy Scores and Cost Recovery5REALTOR Perception of Dem

3、and9Consumer Approach to Remodeling13Methodology2742025 Remodeling Impact ReportIntroductionHomeowners and renters remodel,redesign,and restructure their homes for a variety of reasons.This report takes a deep dive into why a homeowner remodels,the outcome of taking on projects,and the increased hap

4、piness in the home once a project is completed.It also contains:The top cost recovery for remodeling projects,asestimated by members of the National Association ofthe Remodeling Industry(NARI)The demand of each project is likely to have for buyers,according to REALTORSHow much REALTORS estimate that

5、 homeownerscan recover on the cost of the projects if they sell thehome.Americans spent an estimated$603 billion in 2024 on remodeling their homes.1 Among NARI members,42 percent found a greater demand for contracting in remodeling work during the last two years.Fifty-seven percent of NARI members c

6、ited that the scale of the projects increased,resulting in either a larger project or the remodeling of more than one room in the last two years.This matches what REALTORS conveyed:46%of home buyers are less willing to compromise on the condition of the home when purchasing.To gather cost data,NARI