NAHB State Projections of Remodeling (SPR)

The NAHB State Projections of Remodeling (SPR) is a quarterly, state-level indicator of remodeling spending which provides each state’s market share and total dollar value.

2025 Q4 NAHB SPR

• Press Release (PDF)

SPR Key Findings in Q4 2025

Top Five States with the Highest Market Share

1. California: 7.9%, or $22.11 billion
2. Texas: 7.0%, or $19.7 billion
3. Florida: 5.5%, or $15.3 billion
4. New York: 3.9%, or $11.0 billion
5. North Carolina: 3.0%, or $8.4 billion

Top Five States with the Largest Change in Remodeling Spending (four-quarter moving average)

1. Michigan: up $965.1 million (+15.9%)
2. Virginia: up $631.6 million (+9.6%)
3. North Carolina: up $601.6 million (+7.7%)
4. Ohio: up $600.0 million (+8.6%)
5. Alabama: up $445.5 million (+12.0%)

Methodology

The Bureau of Economic Analysis (BEA) releases the Gross Domestic Product (GDP) report each quarter. Within the report, there is an underlying detail table titled Private Fixed Investment in Structures by Type, Chained dollars. One of the line items under the ‘Residential’ heading in this table is for Improvements. However, the Improvements category is aggregated at a national level, not by state.

As remodeling spending by state cannot be directly measured, the NAHB Economics & Housing Policy team created an econometric model which is designed to take an aggregate measure (e.g., Improvements category from the GDP report) and provide more granular estimates (e.g., Improvement spending by state) based on benchmark and proxy variables.

For further information on the methodology and comparative results, view this document.