Homeowners continue to invest in significant home improvement projects — big and small — despite some groups pulling back on spending, according to the just-released 2025 U.S. Houzz & Home Study. Overall median spend among homeowners dipped to $20,000 in 2024 from its peak of $24,000 in 2023. High-end projects also saw a drop. Homeowners in the top 90th percentile spent $140,000 or more on renovations in 2024, down from $150,000 in 2023.
But diving deeper into the numbers, spending on major remodels of small kitchens and bathrooms saw meaningful increases. The median spend for major remodels of kitchens 200 square feet or smaller rose 9%, from $32,000 in 2023 to $35,000 in 2024. And median spending on major remodels of primary bathrooms 100 square feet or smaller increased by 13%, from $15,000 in 2023 to $17,000 last year.
1. Renovation Activity Continues, While Spend Softens
Despite some decline in spending, home remodeling activity remains strong and within historically high levels. A majority of people who took on home projects tackled renovations (54%) in 2024, down slightly from 56% in 2023. An equal share of homeowners (54%) took on decorating projects last year. For the past two years, ground-up home construction has remained steady at 4%, down from its peak of 5% in 2022.