Who Is In Charge Of Home Tech Renovation Data As President?

The U.S. home remodeling market was valued at $432 billion in 2023 and is expected to grow at a CAGR of 4.8 from 2024 to 2032. The increasing disposable incomes of homeowners and changing preferences have led to a decline in home renovation spending. In 2020, homeowners spent $337 billion in new home improvements and repairs, followed by $368 billion in 2021 and an estimated $427 billion in 2022.

The global home improvement market is classified into kitchen improvement and additions, bath improvement and additions, system upgrades, exterior replacements, interior replacements, and property. The U.S. home remodeling industry is expected to see a CAGR of 4.1 from 2021 to 2027. Some of the more frequent home improvement projects among U.S. homeowners are interior room remodels and home system upgrades. As technology becomes more accessible and reliable, more homeowners are choosing to invest in home improvements.

In the first quarter of 2024, homeowners spent $463 billion on renovations, which is $26 billion less than the peak of renovation spending. Timberland Exteriors, a Minneapolis-based company providing exterior remodeling projects, has seen its CEO Paul Trautmann. La Solive, a French “energy renovation school”, raised €4 million in a Series A funding round led by Partech, Brighteye Ventures, and Alphabet.

Tech advancements such as generative AI can significantly impact construction, with companies like La Solive raising €4 million in a Series A funding round led by Partech, alongside Brighteye Ventures and Alphabet. Dr. Nariman Farvardin became the seventh president of the Stevens Institute of Technology in 2011, marking an era of unprecedented growth and innovation.