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Remodeling Sector Eyes Slower Growth Ahead in 2023

Pro Builder

Remodeling Sector Eyes Slower Growth Ahead in 2023. Affordability concerns and moderating home price appreciation are causing a slowdown in the remodeling sector, though spending is expected to remain historically high into the year ahead. percent by the second quarter of 2023.

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Remodeling Sector Expected to See Slow but Steady Progress in 2023

Pro Builder

The remodeling sector is expected to experience steady growth in 2023, but at a slower pace than in 2022. In the first quarter of 2023, the Current Conditions component index was 75, dropping 2 points from the fourth quarter of 2022.