In the 2024 NAHB Member Census, 21% of members reported residential remodeling as their primary source of building business. This is the second most popular primary activity for NAHB builders, behind single-family home building with 63%.
Member Profile
Members with a remodeling business often are smaller, employing an average of 5 people full time. This number does not include subcontractors. 89% of residential contractors reported to be male while a growing number of 11% are female. The median age is 59. 51% reported gaining an advanced degree and 26% have some college education.
Revenue
The median revenue of residential remodelers is $1.7 million. Residential remodelers are classified as small if they have average annual receipts equal or less than $45.0 million. In 2024, over 80% of remodelers earned less than $5 million. This is expanded in the chart provided, with 24% of members indicating a dollar volume of less than $500,000, compared to only 2% reporting $15.0 million or more. The average remodeler completed 15 remodeling jobs over $10,000 in 2024.
More than half of remodelers also reported engaging in single-family home building.
Other Figures
48% of members reported incorporating green or sustainable features into the remodeled home.
