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Leveling expectations: Renovations are not anticyclical

As construction activity slows, Repairs & Renovations can offer growth opportunities for Building Products manufacturers.


Building materials manufacturers and construction companies are preparing for a mix shift away from new construction and toward repair and renovation (R&R) work. However, not all R&R work is equal. To understand the drivers of resilience in the R&R market, KPMG collaborated with Dodge Construction Network to share insights from a survey of 30,685 U.S. homeowners to understand project delay and cancellation dynamics, and challenges faced by project type.

The findings highlight that materials shortages and price increases had a minor impact on R&R project completions in 2021. Furthermore, homeowners seemed to rate those challenges as less severe than home builders, suggesting they were less likely to influence R&R decision making and spend.

There are likely to be pockets of opportunity in R&R for unplanned projects, alterations, and interior work; and among higher valued homes in suburban and rural settings, as these areas logged the highest on-time completion rates.

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Leveling expectations: Renovations are not anticyclical

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Meet our team

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Serena Crivellaro
Managing Director, Strategy, KPMG US
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Matt Swanson
Advisory Managing Director, KPMG US

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