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    Home Sweet Home

    Half of all U.S. homeowners plan to renovate in 2026, Houzz reports

    Amber Heckler
    Apr 22, 2026 | 2:00 pm

    More than half of all homeowners found the time and financial means to renovate their homes in 2025, with a higher share of millennials and Gen Z diving into the renovation world, according to Houzz's 2026 House & Home Study.

    The annual report surveyed more than 20,000 Houzz users across the nation to figure out how Americans are budgeting for their projects, their reasons for renovating, the scope and spend of projects, and more.

    According to Marine Sargsyan, the head of economic research at Houzz, home renovation is still continuing "at historic levels" while homeowners simultaneously "take a more cautious approach" to their projects.

    "What’s driving this resilience is pent-up demand from homeowners who are finally able to act on long-planned renovations," Sargsyan said. "At the same time, we’re seeing a clear shift toward investing in forever homes rather than moving, with many adapting their spaces to meet changing needs."

    Baby boomers still lead for renovation projects, but millennials and Gen Zers are starting to gain ground
    Houzz's 2025 report put an emphasis on older homeowners prioritizing renovations to "age in place," but this year, younger homeowners are entering the spotlight for interior remodels and system upgrades.

    While 50 percent of homowners plan to renovate this year, the report said the growing share of younger homeowners is creating a "generational shift" in renovation demographics. The percentage of millennials taking on renovation projects rose from 8 to 10 percent year-over year, and Gen Z now represents 0.5 percent of all renovating homeowners, compared to 0.2 percent in 2024.

    A majority of Gen Z homeowners (63 percent) are renovating because they intend to customize their recently purchased homes, while the remaining share is renovating because they finally have the time (44 percent) or they're adapting to recent changes in their lifestyle (33 percent).

    Baby boomers still account for more than half of all homeowners undertaking renovation projects, but Gen Xers are also gaining ground at 34 percent.

    "For both Millennials and Gen Xers, having the financial means is the leading trigger (40 percent each), closely followed by or equal to having the time to take on projects (39 percent and 40 percent, respectively)," the report said. "Among older homeowners, timing is the primary driver. Baby Boomers most frequently cite finally having the time (40 percent) as the top reason for renovating, followed by financial readiness (34 percent)."

    Budgeting needs and project scope
    Homeowners are tackling renovations because they finally have the time or the financial means, the survey found. And nearly a third of homeowners are taking on extensive — and expensive — projects that cost $50,000 or more. Only 17 percent of all homeowners are spending more than $100,000 on their renovations.

    The most common spend range is still between $10,000-$24,999, with 23 percent of homeowners picking renovation budgets within that bracket. However, 27 percent of homeowners are aiming to spend under $10,000.

    When considering large-scale projects, one may want to account for any surprise costly repairs, upgrades, and other remodeling services. The report said many homeowners went over their intended spending in 2025.

    "More than a third of renovating homeowners (37 percent) exceeded their planned project spend in 2025, compared with 35 percent who came in at budget and just 3 percent who completed projects under budget," Houzz said.

    The five most common reasons a project went overbudget are "higher than expected costs," choosing more expensive materials than originally planned, unexpected complexity with project planning, project or design scope changes, and unexpected construction issues.

    For interior projects, kitchens and bathrooms are the most popular projects homeowners (across all generations) are remodeling, and they have the biggest budgets.

    Houzz 2026 House and Home Study, renovated kitchens It's time to upgrade your outdated kitchen.Photo by Joshua Nolden/Design by CROSS

    "Kitchens commanded the highest median spend ($24,000, up from $22,000 in 2024), while the median spend on primary bathroom increased to $15,000 from $13,000 year over year," Houzz said. "Guest bathrooms also commanded a higher median spend in 2025 ($7,000, compared with $6,000 in 2024)."

    As previously revealed in Houzz's 2026 Kitchen Trends study, renovators are focusing on functionality over looks for their kitchen upgrades. That means more built-in cabinet storage for specific needs, new sinks or countertops, and expanded kitchen areas with new features like beverage stations or walk-in pantries.

    Top exterior and outdoor projects, plus enhanced security features
    Roofing tops the list for most homeowners' exterior renovation projects, followed by windows and skylights, exterior painting, gutter upgrades, and exterior doors. Meanwhile, decks, sheds or workshops, upgraded lighting, and new furniture are the most common outdoor projects, the report found.

    In today's modern age, smart security features are also a highlight for homeowners, such as wireless doorbell and indoor security cameras, smart garage door openers, and wireless door locks.

    "Many homeowners also purchased alarms and detectors (28 percent) and TVs (27 percent), with a more even mix of
    standard and smart options," Houzz said. "Among outdoor technology items purchased in 2025, homeowners
    preferred smart security cameras over standard (25 percent versus 3 percent, respectively) but favored standard lighting fixtures over smart ones (21 percent versus 8 percent, respectively)."

    Houzz 2026 House and Home Study, renovated laundry room

    Photo by Norton Aerial Media, LLC/Design by Boyce Design + Build

    Upgrading for functionality doesn't always mean de-prioritizing style.

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    Compound Returns

    Houston building's restoration balances modern touches with historic details

    Emily Cotton
    May 29, 2026 | 12:45 pm
    Commercial Bank Building 917 Franklin
    Courtesy of NewForm Real Estate
    The 1904 Commercial National Bank building has undergone an extensive restoration by NewForm Real Estate.

    An undisputed downtown darling of Houston’s early skyline shines once more, thanks to a yearslong, multimillion dollar restoration project. Chipping away a not-so-sensitive 90s renovation, the Commercial National Bank building at 917 Franklin Street has been returned to its former architectural vernacular, while simultaneously appealing to the modern gaze.

    Completed in 1904, the six-story building stands at the prominent intersection of Main and Franklin streets, an area that served as the center of Houston’s financial activity from the turn of the 20th century through the Great Depression. Often regarded as the heart of early banking and commerce in Houston, the district remains one of the city’s most historically significant urban environments.

    The Commercial National Bank Building is designated a City of Houston landmark and is a contributing structure within the Main Street Market Square Historic District, which is listed on the National Register of Historic Places. The building is one of only two remaining structures designed by architecture firm Green and Svarz.

    The restoration is a continuation of the Main & Co. development by NewForm Real Estate. Stretching from Commerce to Franklin Streets, Main & Co. includes the Raphael and Dorrance buildings at 110 and 114 Main Street — the Dorrance building being the second remaining design by Green and Svarz.

    Interestingly, what sets Main & Co. apart from other developments is that the restoration of all three buildings has been a labor of love. NewForm Real Estate president Dan Zimmerman purchased the first building after a trip to New York in 2010, and the rest — as they say — is history.

    “I fell in love with the building just because of its history and its charm,” Zimmerman tells CultureMap. A nightclub on the first floor paid the rent, while Zimmerman and his now wife built and occupied a third floor loft space.

    “We literally lived downtown, on top of a bar, which was fun before we had kids. Over the course of that project, I got to know my neighbors, and that’s how I came to buy the other two buildings in 2016.”

    During the restoration of those two buildings, Zimmerman met and “courted” the owner of the Commercial National Bank building. It took four or five years, and when it came time to sell, Zimmerman was the logical — and trusted — choice.

    “It was a much lighter lift than phase one of Main & Co., which was a shell when I bought it,” he explains. “It had a lot of the bones, it just needed — I don’t want to say a facelift, because it was some pretty major work — but it wasn't a gut job, so to speak. We just brought it up to the level we did the other buildings."

    Zimmerman enlisted interior designer Margaret Naeve and, together with Andres Construction, revitalized the lobby, corridors, restrooms, and first floor anchor space that is now intended as a restaurant.

    "The lobby we kind of brought back to its original grandeur, with a bit more modern style. We brought in plaster workers, we brought in terrazzo workers, we brought in marble workers — we really brought it back,” Zimmerman says. “The materiality is the same, but the composition is a little different. It doesn't look like an old time capsule. In some of these restorations, they like to turn the clock back and make it look just like it did originally. In this particular instance, we wanted to make sure people knew it was modern. Because it's modern with the original stuff, to respect the original materials and use that language throughout the building."

    When it came time to choose a designer to help guide the extensive restoration, Zimmerman didn’t need to look too far. Interior designer Margaret Naeve’s former M.Naeve offices at Main & Co. perfectly embodied the historically modern aesthetic he was looking to implement next door.

    ”Projects like this are incredibly fulfilling because you’re working with something that already has a soul and a history,” Naeve tells CultureMap. “There’s a sense of discovery that happens over time as original details begin to reveal themselves. It never felt like creating something entirely new, but rather thoughtfully editing and layering the building back into relevance in a way that still honored its character.”

    The result is a fresh space that takes complete ownership of the original source material, while introducing modern elements that resist feeling forced or anachronistic. The restored brick-and-limestone façade and dramatic, curved-bay corner entrance give way to a light-drenched lobby complete with brass-inlaid terrazzo floors, restored plaster walls, dentil moldings, and a full view of the brass elevator doors.

    “The lobby was my favorite part of the project because it really sets the emotional tone for the building,” says Naeve. “We wanted it to feel restrained and timeless while still bringing in a sense of warmth and atmosphere. Restoring the original plaster detailing and moldings while layering in more contemporary elements created a really beautiful tension between old and new, which is always something I’m drawn to.”

    Original wood and marble flooring continue throughout most of the upstairs, where exposed brick envelops updated office suites with new lighting and audio-visual infrastructure, kitchenettes, and modern bathrooms that utilize marble countertops and unlaquered brass fixtures to partner perfectly with the restored materials seen throughout the building.

    “One of the most rewarding parts of the process was uncovering original architectural details that had been hidden over decades of renovations and modifications,” says Naeve. “Those discoveries always influence the direction of the interiors because the building begins to tell you what should stay quiet, what should become more pronounced, and where restraint is more powerful than over-designing a space.”

    Over the years, the Commercial National Bank building has been home to the original offices of Baker-Botts, Western Union, and — perhaps most notably — William Marsh Rice, founder of Rice University, who maintained offices on the third floor. Following his death, the first offices of Rice Institute occupied part of the sixth floor until 1926.

    “Historic buildings give a city depth and memory. They tell stories through scale, materials, imperfections, and craftsmanship in a way that newer buildings often cannot,” says Naeve. “In Houston especially, where so much changes so quickly, preserving these structures creates a stronger connection to the city’s identity and allows history to remain part of everyday life.”

    The restoration happily coincides with the new Main Street Promenade project that Downtown Houston+ has been preparing in time for the FIFA World Cup. Now dedicated to pedestrian and light rail, the tree-lined promenade will see the addition of enclosed patio spaces that will service the ground floor occupants of Main & Co. Current occupants include Liv Houston, Distrito Federal, Thai Cafe, and the very popular coffee shop The Fifth Vessel.

    Those familiar with downtown will recognize the 7,000-square-foot mural that decorates the Main & Co. parking garage on Commerce Street. The mural, by Houston artist DUAL, titled “Produce Row,” was completed in 2018 and pays homage to Commerce Street’s history as the site of Houston’s first farmer’s market in the 1870s.

    It will please art lovers to know that Main & Co.’s commitment to public art continues into the lobby of the Commercial National Bank Building. As with any project of this scale, budgets are tight, so Zimmerman borrowed works from his family’s personal collection for this project. Astute Houstonians have undoubtedly viewed some of this collection at the city’s beloved La Colombe d’Or Hotel in Montrose, which the Zimmerman family also owns.

    Works by Joanna Ference and Guy Van den Bulcke receive pride-of-place, while a limited-edition Picasso print hangs in the magnificent marble stairwell just off the lobby.

    “We didn’t have the budget to acquire new art, and every time I try to acquire new art, it’s kind of silly anyway because we have so much and have relationships with these artists,” explains Zimmerman. “These particular pieces we ended up finding in our private collection, and they fit, so we just hung them, and they look great. That was a collaboration with Margaret, and of course, we’d discuss everything and go back-and-forth, but we just have such a wonderful art collection that’s constantly growing and changing anyway.”

    Danielle Rothchild and Thomas Metz of Stream Realty are leasing available office spaces throughout Main&Co. Street-level retail space totaling approximately 3,390 square feet, ideal for a restaurant concept, is represented by Abby Hawkins and Gideon Perritt of Rebel Retail Advisors.

    Commercial Bank Building 917 Franklin

    Courtesy of NewForm Real Estate

    The 1904 Commercial National Bank building has undergone an extensive restoration by NewForm Real Estate.

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