Will Home Renovation Costs Go Down In 2025

Will Home Renovation Costs Go Down In 2025. Steep renovation costs, heightened interest rates and lacking home sales. More than half of homeowners said they completed a major home renovation.

Yes, 2025 should see an increase in residential construction. According to the report, the main reasons for the continued decline in home renovation spending include, “high interest rates, softening house price appreciation and sluggish home sales.”