The home improvement industry is in a constant state of flux due to the evolving needs and desires of homeowners. From smart home technology to sustainability to DIY personalization, a variety of influential trends are reshaping the home improvement industry.

This article takes a closer look at the data behind these trends, drawing on the latest reports from several leading market research firms.

In a fast-paced, ever-changing world, the consumer goods industry remains at the forefront of innovation. As technology advances and consumer preferences evolve, businesses in this sector must stay ahead of the curve to remain competitive and relevant.

In a recent report, Fixr.com found that bathroom remodels are as sought-after as ever. Having surveyed top interior designers from across the nation, Fixr.com found that 71% of them believe homeowners are more willing to spend on a bathroom remodel in 2023 than before. Taking into account the recent increases in the cost of living, this shows the appetite for home improvement remains strong.

As homeowners begin to turn their attention to improving and updating their outdoor living space in time for summer, the effects of the pandemic are still having an impact. Appetite for investing in exterior areas of the home is still higher than compared to before the pandemic, according to 87% of experts.

After the great shock exerted by the COVID-19 pandemic on the global economy, as well as on world trade, 2021 fortunately marked the beginning of a path to recovery.

Sustainability is key trend impacting the outdoor living market, which encompasses a variety of applications such as:

Continued growth in building construction and rising disposable income levels have boosted the demand for furniture in the U.S. in recent years.  

As obesity rates climb and Americans age, more people are developing sleep apnea, restless leg syndrome and other sleep disorders. Plus, stress in 2020 related to the presidential election, Covid-19 pandemic and recession are all contributing to more sleepless nights.

As summer approaches, trends in outdoor living spaces pique the interest of anyone looking to upgrade or remodel the exterior spaces of their homes. Outdoor living has taken on a new level of importance for people in light of events over the past year, with most people spending much more time at home.

Americans spent more time at home during the COVID-19 pandemic, but they didn’t just sit on the couch and watch Netflix. Many residents went to work renovating their homes, leading to record home improvement spending.