The National Association of Home Builders (NAHB) has released its State Projections of Remodeling (SPR) for the second quarter of 2026. As a reminder, the SPR provides on a quarterly basis a state-level estimation of the market share and total dollar value of remodeling spending. The SPR is a statistical model designed to use national quarterly improvement spending data and estimate remodeling market share by state using multiple indicators and NAHB’s annual state remodeling forecast.
Q2 2026 Results
During the second quarter of 2026, remodeling spending at the national level came in at $271.2 billion on a seasonally adjusted annualized rate (SAAR), falling 2.3% from the previous quarter. Remodeling spending has decreased in five out of the past six quarters and is at its lowest level in two years. Nevertheless, remodeling spending has been larger than single-family construction spending for five straight quarters and accounts for 45.0% of residential construction spending.
California had the largest market share of remodeling spending at 7.9%, or $21.4 billion, followed closely by Texas (7.3%, or $19.7 billion). Florida is third at 5.5%, or $14.8 billion, with New York (4.0%, or $10.8 billion) and North Carolina (3.0%, or $8.2 billion) rounding out the top five.
When looking at the top ten states by the change in remodeling spending in the second quarter of 2026 (on a four-quarter moving average basis or 4QMA), Michigan saw its volume increase by $217.1 million, followed by Alabama (up $158.3 million), West Viriginia (up $140.6 million), Virginia (up $115.0 million), and Alaska (up $113.0 million). Except for the Northeast, all regions were represented within the top ten by change in spending. All ten experienced a growth rate of at least 1.7% year-over-year with a large concentration in smaller states.
Only two of the top ten states by market share had a positive growth rate for the quarter (North Carolina and Illinois). Additionally, there was a fairly even split between states that had a negative growth rate (26) and those that had a positive growth rate (24) for the quarter, resulting in 0.0% average across all states. This corroborates NAHB’s forecast for the industry which expects inflation-adjusted spending to be flat-to-down for 2026.
To learn more about this resource and its methodology, please visit NAHB’s SPR web page.
This article was originally published by a eyeonhousing.org . Read the Original article here. .
