NAICS 236118 - Residential Remodelers
This U.S. industry comprises establishments primarily responsible for the remodeling construction (including additions, alterations, reconstruction, maintenance and repair work) of houses and other residential buildings, single-family and multifamily. Included in this industry are remodeling general contractors, operative remodelers, remodeling design-build firms, and remodeling project construction management firms.
Industry trends:
In the NAICS 236118 Residential Remodelers industry, several qualitative trends have emerged recently. Homeowners are increasingly prioritizing sustainability, opting for eco-friendly materials and energy-efficient upgrades. This shift is driven by greater environmental awareness and stringent government regulations. Additionally, smart home technology has become a significant trend, with consumers looking for modern homes equipped with intelligent systems for enhanced convenience and security.
The demand for customized and personalized living spaces is on the rise, as homeowners seek to create unique environments that reflect their personalities and lifestyles. The aging population is also influencing the market, with a growing need for age-in-place modifications that allow seniors to live independently for longer periods.
Looking ahead, the industry is expected to see sustained growth fueled by the robust housing market and increasing disposable incomes. However, supply chain disruptions and rising material costs pose challenges. Remodelers should adapt by diversifying suppliers and incorporating cost-effective design solutions. Overall, the blend of technology, sustainability, and personalization will continue to shape the industry in the near future.
This industry is comprised of:
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- Region
- Employees
- Net Sales
- Company Age
- Total Assets
- Ownership Type
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