Angi Releases 2024 State of Home Spending Report
Angi's 2024 State of Home Spending Report reveals that despite economic pressures, 93% of homeowners plan home projects in 2025, even as total spending dropped 12% in 2024. The average homeowner spent $12,050 on home projects in 2024, down from $13,667 in 2023.
With high interest rates and scarce housing inventory, 67% prefer renovating over relocating. Home projects emerged as the most stressful budget item, surpassing healthcare and childcare, with 43% reporting increased stress related to home repairs.
Key spending breakdown for 2024:
- Home improvements: $9,322 (relatively flat from $9,542 in 2023)
- Home maintenance: $1,750 (down from $2,458)
- Emergency repairs: $978 (down from $1,667)
Il Rapporto sulla Spesa per la Casa 2024 di Angi rivela che, nonostante le pressioni economiche, il 93% dei proprietari di casa prevede progetti abitativi nel 2025, anche se la spesa totale è diminuita del 12% nel 2024. Il proprietario medio ha speso $12.050 per progetti di casa nel 2024, rispetto ai $13.667 del 2023.
Con tassi di interesse elevati e offerta abitativa scarsa, il 67% preferisce ristrutturare piuttosto che trasferirsi. I progetti per la casa si sono rivelati l'elemento di spesa più stressante, superando le spese per la salute e per i bambini, con il 43% che riporta un aumento dello stress legato alle riparazioni domestiche.
Ripartizione chiave della spesa per il 2024:
- Miglioramenti abitativi: $9.322 (relativamente stabile rispetto a $9.542 nel 2023)
- Manutenzione della casa: $1.750 (in calo rispetto a $2.458)
- Riparazioni di emergenza: $978 (in calo rispetto a $1.667)
El Informe sobre el Gasto en Vivienda 2024 de Angi revela que, a pesar de las presiones económicas, el 93% de los propietarios de viviendas planea proyectos en 2025, incluso cuando el gasto total cayó un 12% en 2024. El propietario promedio gastó $12,050 en proyectos de vivienda en 2024, una disminución de $13,667 en 2023.
Con altas tasas de interés y escaso inventario de viviendas, el 67% prefiere renovar en lugar de mudarse. Los proyectos de vivienda surgieron como el ítem de gasto más estresante, superando los gastos de salud y cuidado infantil, con el 43% reportando un aumento del estrés relacionado con las reparaciones en el hogar.
Distribución clave del gasto para 2024:
- Mejoras en el hogar: $9,322 (relativamente estable desde $9,542 en 2023)
- Mantenimiento del hogar: $1,750 (bajo desde $2,458)
- Reparaciones de emergencia: $978 (bajo desde $1,667)
Angi의 2024년 주택 소비 보고서에 따르면 경제적 압박에도 불구하고 93%의 주택 소유자가 2025년에 주택 프로젝트를 계획하고 있으며, 2024년 전체 지출이 12% 감소했습니다. 평균 주택 소유자는 2024년에 주택 프로젝트에 $12,050를 지출했으며, 이는 2023년의 $13,667에서 감소한 것입니다.
높은 이자율과 부족한 주택 재고로 인해 67%가 이사하기보다는 리모델링을 선호합니다. 주택 프로젝트는 의료비와 육아비를 초과하여 가장 스트레스가 큰 예산 항목으로 나타났으며, 43%는 주택 수리에 대한 스트레스가 증가했다고 보고했습니다.
2024년 주요 지출 내역:
- 주택 개선: $9,322(2023년 $9,542에서 비교적 변화 없음)
- 주택 유지 관리: $1,750(2023년 $2,458에서 감소)
- 긴급 수리: $978(2023년 $1,667에서 감소)
Le Rapport sur le Dépense Habitat 2024 d'Angi dévoile qu'en dépit des pressions économiques, 93% des propriétaires prévoient des projets pour 2025, même si les dépenses totales ont chuté de 12% en 2024. Le propriétaire moyen a dépensé 12 050 $ pour des projets d'habitat en 2024, contre 13 667 $ en 2023.
Avec des taux d'intérêt élevés et un inventaire de logements rare, 67% préfèrent rénover plutôt que de déménager. Les projets de logement se sont avérés être l'élément budgétaire le plus stressant, dépassant les frais de santé et de garde d'enfants, 43% signalant une augmentation du stress lié aux réparations domiciliaires.
Répartition des dépenses clés pour 2024:
- Améliorations de l'habitat: 9 322 $ (relativement stable par rapport à 9 542 $ en 2023)
- Entretien de la maison: 1 750 $ (en baisse par rapport à 2 458 $)
- Réparations d'urgence: 978 $ (en baisse par rapport à 1 667 $)
Angis Bericht über den Stand der Home Spending 2024 zeigt, dass trotz wirtschaftlicher Druckverhältnisse 93% der Hauseigentümer im Jahr 2025 Projekte planen, auch wenn die Gesamtausgaben 2024 um 12% gesunken sind. Der durchschnittliche Hauseigentümer gab 2024 $12.050 für Wohnprojekte aus, im Vergleich zu $13.667 im Jahr 2023.
Aufgrund der hohen Zinssätze und des knappen Wohnungsangebots ziehen 67% eine Renovierung einer Verlagerung vor. Wohnprojekte haben sich als das stressigsten Budgetelement herausgestellt, das die Gesundheits- und Kinderbetreuungskosten übersteigt, wobei 43% von erhöhtem Stress in Bezug auf Heimreparaturen berichten.
Wichtige Ausgabenaufteilung für 2024:
- Wohnverbesserungen: $9.322 (relativ stabil gegenüber $9.542 im Jahr 2023)
- Hauswartung: $1.750 (rückläufig von $2.458)
- Notfallreparaturen: $978 (rückläufig von $1.667)
- 93% of homeowners planning projects in 2025 indicates strong market demand
- High-income households increased spending to $21,958 from $20,649 in 2023
- Decrease in emergency repair spending suggests effective preventive maintenance
- Strong preference for renovation over relocation (67%) indicates sustained business opportunities
- Overall home project spending declined 12% in 2024
- Home maintenance spending dropped to $1,750 from $2,458 in 2023
- 54% of homeowners struggle to find qualified professionals
- 61% of homeowners concerned about affording maintenance in 2025
Insights
The latest spending report reveals critical market dynamics that directly impact Angi's business model and market position. The 12% decline in home project spending appears concerning at first glance, but several underlying trends suggest potential revenue opportunities:
1. Market Resilience Indicators:
- High-income households (
$150,000 +) increased spending to$21,958 , up$1,309 from 2023 - 93% of homeowners planning projects in 2025 indicates strong demand pipeline
- 54% struggling to find qualified professionals represents a significant market opportunity for Angi's platform
2. Strategic Growth Catalysts:
- Rising stress levels around home maintenance (43% increase) could drive higher platform utilization
- Skilled labor shortage creates premium pricing opportunities
- Multigenerational housing trends (25% of households) typically generate higher-value projects
3. Revenue Stream Implications:
- Shift to essential maintenance suggests more predictable, recurring revenue potential
- Decreased emergency repair spending indicates opportunity for preventative maintenance services
- Growing sustainability focus opens new market segments
The data suggests Angi is well-positioned to capitalize on the 'renovate over relocate' trend, particularly if they can address the skilled labor shortage and high stress levels around project execution. The company's platform model could benefit from the increasing need for reliable contractor sourcing, especially among younger homeowners who show higher maintenance spending patterns.
- Interest rates will continue to drive “renovate over relocate” mentality in 2025
93% of homeowners are planning projects in 2025 despite economic pressures and rising stress levels- Home projects emerged as the most stressful budget item in 2024, surpassing healthcare and childcare
DENVER, Jan. 28, 2025 (GLOBE NEWSWIRE) -- Homeownership continues to play a central role in the American dream, and despite navigating tighter budgets and rising stress levels, homeowners remain dedicated to the care and improvement of their homes. Angi’s 2024 State of Home Spending Report reveals that
With interest rates remaining high and housing inventory scarce,
“Homeowners are clearly committed to their homes,” said Angie Hicks, Co-Founder of Angi. “Even as economic pressures and challenges to getting projects done mount, the desire to create functional, personalized, and well-maintained spaces is stronger than ever. The optimism for 2025 reflects the enduring value of homeownership as both a financial and emotional investment.”
In Angi’s report, pros shared that homeowners were excited to tackle upgrades like interior painting using simpler palettes and monochromatic schemes, remodeling bathrooms with larger, easier to maintain showers, making durable and budget-conscious landscaping improvements, and installing new flooring using lighter and natural shades.
The Hurdles of Homeownership
While homeowners remained dedicated to their properties, especially as they stayed in their homes due to higher interest rates, they faced some challenges in getting projects done.
- Skilled Labor Shortages: While nearly all homeowners (
93% ) plan to tackle projects in 2025,54% shared that they struggle to find qualified professionals, citing delays, higher costs, and limited availability. - Unexpected Costs: When homeowners did complete projects, over
50% shared that they encountered surprise expenses, especially for materials and labor. - Rising Stress: Overall,
61% of homeowners are concerned about being able to afford home maintenance or repairs in 2025, with this sense of concern being heightened among younger homeowners.
Generational Spending Trends: Boomers Lead, Millennials Prioritize Maintenance
- Boomers led home spending in 2024, averaging
$14,140 , with a focus on home improvements. - Millennials prioritized maintenance, spending
$2,316 on upkeep–$1,000 m ore than any other generation. - High-income households earning over
$150,000 increased spending to$21,958 , up from$20,649 in 2023.
2025 Home Trends: Sustainability, Innovation, and Multigenerational Living
- Future-Focused Budgeting:
63% of homeowners aged 18-44 are actively saving for future projects, compared to just49% of homeowners aged 65 and older. - Sustainability Gains Momentum: Homeowners are planning for outdoor spaces, solar panel installations, and energy-efficient upgrades, reflecting a push towards sustainable living.
- Multigenerational Needs: With 1 in 4 homeowners living in multigenerational households, these households are more likely to be taking on larger renovations and adding lifestyle-enhancing features to their homes.
Despite Challenges, Homeowners Continue to Invest Strategically
Even with tighter budgets, homeowners made thoughtful investments in their homes in 2024 and started planning for 2025:
93% Plan Projects in 2025: Popular upcoming projects include routine maintenance (36% ), interior painting (22% ), and flooring installations (13% ).- Long-Term Investments:
46% of homeowners plan large-scale projects over the next five years, such as kitchen remodels (31% ) and bathroom upgrades (28% ). - Renovation Over Relocation:
67% of homeowners would prefer to renovate rather than move, reflecting challenges like high interest rates and limited housing inventory.
Home Project Spending Declines
Homeowners spent an average of
- Home Improvements: Home improvements remained the largest spending category, with homeowners spending an average of
$9,322 , relatively flat compared to$9,542 in 2023. - Home Maintenance: Spending dropped to
$1,750 (down from$2,458 in 2023), signaling a focus on essential upkeep. - Emergency Repairs: Spending on emergency projects decreased to
$978 in 2024, compared to$1,667 in 2023), a positive indicator that proactive maintenance is reducing costly emergencies.
To explore the full insights from Angi’s 2024 State of Home Spending Report download the report here.
About Angi Inc.
Angi (NASDAQ: ANGI) helps homeowners get home projects done well and helps home service professionals grow their businesses. We started in 1995 with a simple goal to help people find skilled home pros in their area. Now more than 25 years later, we've evolved to help people with everything from finding, booking and hiring a skilled pro, to researching costs, finding inspiration and discovering project possibilities. With an extensive nationwide network of skilled home pros, Angi has helped more than 150 million people maintain, repair, renovate and improve their homes and has helped hundreds of thousands of small local businesses grow.
Angi Corporate Communications
Emily Do
(303) 963-8352
emily.do@angi.com
FAQ
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