Remodel Reno Data and Lumber Prices: 1Q 2022

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Remodel Reno Data and Lumber Prices: 1Q 2022

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Total Construction Spending US:

1Q 2020 – $334 billion
1Q 2021 – $353 billion
1Q 2022 – $370 billion (Up +11% from 2020, Up +39% from 2015)

US Remodelling Activity:

1Q 2020 – $334 billion (same as total construction)
1Q 2021 – $350 billion
1Q 2022 – $391 billion (more than total construction!)

In 1Q 2022 home remodelling value was +17% higher than in 1Q 2020.