Redfin survey: 65% of US renovators upgrade homes instead of moving

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  • Rocket-backed Redfin survey showed 43% of Americans renovated their home in past year, with 33% planning renovations in next year.
  • Renovations displaced homebuying for many households, with 65% of recent renovators upgrading instead of moving.
  • High mortgage rates and home prices were cited as key constraints, with about 80% of mortgaged homeowners holding rates below current levels.
  • Spending skewed toward smaller projects, with 23% of renovators reporting USD 10,000 to USD 20,000 in outlays.
  • Younger cohorts leaned more heavily toward remodeling over relocation, with 77% of Gen Z and millennial homeowners opting to improve rather than move.


Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Rocket Companies Inc. published the original content used to generate this news brief via Business Wire (Ref. ID: 202604170800BIZWIRE_USPR_____20260417_BW938810) on April 17, 2026, and is solely responsible for the information contained therein.

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