Homeowners increased remodeling spending in May 2026 by nearly 1% from April and about 10% year-over-year, with private residential construction spending at $930.2 billion. Popular projects include home maintenance, interior painting, bathroom remodeling, new flooring, and appliance updates. Over half of homeowners use home equity loans or HELOCs to fund renovations, benefiting from flexible credit lines to cover unexpected costs. Alternatives include home equity loans and cash-out refinancing.
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