Merchant Exchange
Strong demand for large-scale home improvement projects is continuing to drive workloads for builders and create opportunities throughout the construction supply chain, according to the latest State of the Trade report from the Federation of Master Builders (FMB).
The report reveals that renovations and home improvements are now the most common projects undertaken by FMB members, with both cited by 70% of respondents, while 65% are carrying out major works. The findings point to a market increasingly focused on significant property upgrades rather than cosmetic improvements.
Supporting the trend, the latest Homebuilding & Renovating Show survey found that homeowners are prepared to invest an average of £151,000 into improving their existing homes instead of moving, highlighting continued confidence in the renovation market.
According to the FMB, homeowners are taking a long-term approach to their properties, investing in extensions, reconfigured living spaces, home offices, gyms and additional bedrooms, alongside refurbishment programmes and low-carbon technologies such as HVAC systems and heat pumps.
For builders’ merchants, manufacturers and suppliers, the figures signal continued demand across multiple product categories, as larger renovation projects typically require a wider range of materials and specialist trades.
Nick Noble, Commercial & Events Director at Future PLC, said: “UK homeowners’ appetite for renovation shows no sign of slowing as we are seeing that the average project value is £151,000, and this significant investment in their properties creates a strong demand across the construction sector.”
The latest findings reinforce the resilience of the home improvement market, with major renovation projects continuing to underpin activity across the wider construction industry.
