Survey: Home Improvement Appetite Unaffected by COVID-19 Pandemic

A LightStream survey finds 73% of homeowners still plan to tackle a home improvement project in 2020.

By Vincent Salandro

Despite widespread disruptions to the U.S. economy from the coronavirus (COVID-19) pandemic, 73% of homeowners are planning to renovate their homes in 2020, according to a May 2020 LightStream home improvement survey. That percentage is only slightly below the 77% of homeowners reporting home improvement plans for 2020 in a January LightStream survey.

"As a result of COVID-19 shutdowns that closed offices, businesses, schools and more, self-isolation has forced Americans to take a much closer look at their homes," said Todd Nelson, senior vice president of strategic partnerships at LightStream.