National Association of Home Builders Economic Research Blog

NAHB Remodelers: What the Data Says

Twenty-one percent of NAHB builder members listed residential remodeling as their primary business, according to the 2025 Member Census. These remodelers tend to be relatively small, with a median of five employees and a median annual revenue of $2.1 million. This means that remodelers are even smaller than NAHB builder members, who had a median of six employees and median annual revenue of $3.7 million, as reported in a recent post.

Almost a quarter of residential remodelers (23%) reported a dollar volume of less than $500,000 in 2025, 13% reported between $500,000 and $999,999, 52% (majority) between $1.0 and $4.9 million, 9% between $5.0 and $9.9 million, 2% between $10.0 million and $14.9 million, and another 1% reported $15.0 million or more. Less than 0.5% reported zero business activity in 2025.

The median annual revenue for residential remodelers in 2025 was $2.1 million—considerably below the $3.7 million median calculated across all NAHB builder members, and a small fraction of the $45.0 million threshold the Small Business Administration (SBA) uses to classify construction businesses as small. Residential remodelers’ median revenue was up over 24% compared to 2024 ($1.7 million).

The median number of payroll employees was also relatively small among NAHB’s residential remodelers in 2025—five, compared to six for all NAHB builder members. This figure was unchanged for residential remodelers from 2024.

To provide a measure of housing activity roughly analogous to starts, the NAHB Member Census asked builder members who are primarily or secondarily residential remodelers about the number of remodeling jobs they completed in 2025 costing $10,000 or more. The responses show that a plurality of 37% completed 1 to 5 jobs of this size, 20% did 6 to 10, 21% did 11 to 25, 12% did 26 to 99, and 4% completed 100 or more jobs costing more than $10,000. On average, builder members involved in residential remodeling as a primary or secondary activity completed 19 jobs costing $10,000 or more in 2025. The median number was eight jobs, up from six in 2024.

The numbers are significantly higher if the calculations are confined to the 21% of NAHB builder members who list residential remodeling specifically as their primary activity. These members completed an average of 31 and a median of 12 $10,000-plus jobs in 2025. These results are not significantly different from the ones reported in previous years, dating back to 2022 when NAHB first included the remodeling jobs question in its member census.

For more details about NAHB builder members containing this profile of remodelers, please visit housingeconomics.com or click here for the full article.

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