Most Homeowners Will Continue With Their 2023 Remodeling Plans (5 photos)

If you’re moving forward with your remodeling plans despite economic conditions and some limited availability of materials and products, you’re not alone. The vast majority of homeowners are proceeding with their planned home improvement projects in the face of inflation, supply chain issues and other housing industry factors, according to a new Houzz survey of nearly 4,000 homeowners conducted in October 2022.

The survey also found that only 1% of homeowners have canceled their remodeling projects so far in 2022, while 37% have completed a project. And nearly one-quarter (23%) plan to start a home improvement project in the next 12 months. “For many, conditions like limited choices of available homes and rising interest rates are driving them toward renovations and improving their current home, since the cost of moving into a house that fits their current needs has become so expensive,” says Marine Sargsyan, Houzz staff economist. “Moreover, more than half of the homeowners we surveyed have no intention of selling or moving out of their current residences in the next 20 years — or ever.”

Below are details about the design and remodeling projects homeowners have planned in the next three to 12 months.