93% of homeowners plan projects in 2025, prioritizing renovations despite economic pressures and rising stress related to home maintenance.
Quiver AI Summary
A recent press release from Angi highlights the persistence of homeowners in pursuing home improvement projects despite economic pressures and rising stress levels. According to Angi's 2024 State of Home Spending Report, 93% of homeowners intend to undertake home projects in 2025, driven largely by high interest rates and limited housing inventory, which have shifted preferences towards renovations over relocations. Home projects have become the most stressful budget item for many, surpassing healthcare and childcare concerns. The report also notes a significant challenge in finding qualified professionals, rising unexpected costs, and increased stress about affordability among homeowners, particularly younger ones. Notably, spending on home projects dropped by 12% in 2024, with homeowners prioritizing essential upkeep and maintenance while also planning for future sustainability and multigenerational living needs.
Potential Positives
- 93% of homeowners plan to undertake home projects in 2025, indicating strong demand for Angi's services.
- 67% of homeowners prefer renovating rather than relocating, highlighting a trend that can benefit Angi's business model focused on home improvement.
- Homeowner spending is shifting towards long-term investments, with 46% planning large-scale projects in the next five years, which could lead to increased service requests for Angi.
- Angi's report reflects a strong commitment to homeownership and strategic investments in home improvements, aligning with the company's mission to support homeowners and service professionals.
Potential Negatives
- Drop in overall spending on home projects by 12% in 2024, indicating potential financial distress among homeowners.
- 54% of homeowners struggle to find qualified professionals for home projects, leading to delays and higher costs, which could reflect poorly on Angi's network reliability.
- Majority of homeowners express concern about affording home maintenance or repairs in 2025, suggesting a looming market challenge that could impact Angi's business growth.
FAQ
What percentage of homeowners plan to undertake projects in 2025?
93% of homeowners plan to take on home projects in 2025 despite economic pressures.
Why are homeowners choosing to renovate rather than relocate?
67% of homeowners prefer renovating to moving due to high interest rates and limited housing inventory.
What is causing stress among homeowners related to home projects?
Home repairs and maintenance have become the most stressful budget items, surpassing healthcare and childcare expenses.
Which generations are spending differently on home improvements?
Boomers lead in home spending, while Millennials prioritize maintenance, averaging $2,316 on upkeep in 2024.
What are some popular home projects planned for 2025?
Popular upcoming projects include routine maintenance (36%), interior painting (22%), and flooring installations (13%).
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$ANGI Insider Trading Activity
$ANGI insiders have traded $ANGI stock on the open market 2 times in the past 6 months. Of those trades, 1 have been purchases and 1 have been sales.
Here’s a breakdown of recent trading of $ANGI stock by insiders over the last 6 months:
- JEFFREY W KIP (CEO) purchased 250,000 shares for an estimated $430,000
- KULESH SHANMUGASUNDARAM (Chief Technology Officer) sold 11,748 shares for an estimated $27,255
To track insider transactions, check out Quiver Quantitative's insider trading dashboard.
$ANGI Hedge Fund Activity
We have seen 26 institutional investors add shares of $ANGI stock to their portfolio, and 59 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- DEUTSCHE BANK AG\ removed 1,227,119 shares (-72.7%) from their portfolio in Q3 2024, for an estimated $3,165,967
- PALE FIRE CAPITAL SE removed 1,017,067 shares (-15.9%) from their portfolio in Q3 2024, for an estimated $2,624,032
- AQR CAPITAL MANAGEMENT LLC removed 804,284 shares (-96.9%) from their portfolio in Q3 2024, for an estimated $2,075,052
- M&T BANK CORP removed 504,938 shares (-100.0%) from their portfolio in Q3 2024, for an estimated $1,302,740
- FMR LLC removed 483,486 shares (-11.0%) from their portfolio in Q3 2024, for an estimated $1,247,393
- GENERAL AMERICAN INVESTORS CO INC removed 331,516 shares (-24.9%) from their portfolio in Q3 2024, for an estimated $855,311
- VANGUARD GROUP INC removed 308,383 shares (-4.6%) from their portfolio in Q3 2024, for an estimated $795,628
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.
Full Release
- 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 93% of homeowners plan to take on home projects in 2025, even as total spending on home projects dropped by 12% in 2024.
With interest rates remaining high and housing inventory scarce, 67% of homeowners express a preference for renovating their current homes to better meet their needs rather than moving, underscoring the value they place on their homes amid economic challenges and the ongoing stress of home maintenance. The study found that 43% believe stress related to home repairs has increased in the last year. According to the survey, home repairs, maintenance, and improvement was the budget item that caused the most stress, ahead of other costs, including healthcare, debt, savings, childcare, education, and entertainment.
“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 more 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 just 49% 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 12% in 2024, with Focus Shifting to Essentials
Homeowners spent an average of $12,050 on home projects in 2024, down from $13,667 in 2023. While discretionary improvements slowed, essential upkeep and lifestyle-driven upgrades took priority.
- 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
[email protected]