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Economics & Research

Home Services Market Statistics

$657B
Size of the
Home Service Market

$3,018
Average Home
Maintenance Spending

$10,341
Average Home
Improvement Spending

143.3 M
Housing Units in
the US, Q2 2022

U.S. Homeowners Double Down on Home Improvement Spending in 2023

The annual “State of Home Spending” report shows increased spending on home improvement projects in 2023 and explores key home improvement trends Overall spend on home improvement grew 6% to ...

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