American homeowners continue to spend hundreds of billions of dollars on maintaining and upgrading their homes. In 2019, more than 6.5 million homeowners spent more than $27 billion on HVAC and insulation alone, according to "Improving America's Housing 2021," a new report by the Harvard Joint Center for Housing Studies.
Energy efficiency continues to be a motivator for home improvement projects, according to the U.S. Census Bureau's American Housing Survey.
Approximately 12 million American homeowners said in 2019 they'd recently completed energy-efficient upgrades to their homes, translating into improvements for 15% of U.S owner-occupied housing. Overall, such projects accounted for 27% of U.S. remodeling activity in that period.
The high point for such home investments in recent years was 2015, when 20% of homeowners said they had added energy-efficient features within the past two years, representing 34% of home improvement activity.
For more detailed data on U.S. housing, visit the U.S. Census Bureau's American Housing Survey.
Buyers continue to value home technology that makes them feel safer and more comfortable in their homes, according to NAHB's 2021 "What Home Buyers Really Want" survey.
Top on the list is programmable thermostats, with a total of 77% of home buyers rating this feature as "essential" or "desirable."
Other popular features included security cameras, video doorbells, wireless home security systems, and multi-zone HVAC systems.
The U.S. housing market continues to be one of the shining stars of the post-COVID-19 economy.
New data from the U.S. Census Bureau for December 2020 shows the housing market hit a 14-year high last month, with 1.669 million housing units started on a seasonally adjusted annual rate.
This map presents the break down of housing starts by region. The South dominates the homebuilding market, accounting for more than half of all starts as of December 2020, followed by the West.
Check out the top states from around the US where energy efficiency sells.
