About this episode

Dr. Robert Dietz discusses the rise of remodeling in residential construction and the factors driving this trend.

Remodeling is about to become more than half of all residential construction in America — and NAHB Chief Economist Dr. Robert Dietz has the data behind it. In this mid-year housing market outlook, Dr. Dietz breaks down the forces powering renovation's rise from a third of construction activity in 2007 to 45% today: more than $35 trillion in homeowner equity, a housing stock averaging over 40 years old, and a mortgage rate lock-in effect keeping homeowners in place and reinvesting in the homes they have. Construction lenders will find a practical map of where renovation lending demand is growing — including the fastest-growing remodeling markets in the Northeast and Midwest — plus the rise of teardown construction, the outlook for HELOC and renovation loan demand as rates fall, the risks that could slow the boom, and a first look at NAHB's new quarterly state-level remodeling estimates.

People in this episode

Guest: Dr. Robert Dietz

Topics covered

• remodeling
• housing market
• construction lending
• homeowner equity
• renovation trends
• mortgage rates
• teardown construction

Keywords

• remodeling boom
• NAHB
• housing market outlook
• renovation lending
• home equity
• mortgage rate lock-in
• teardown construction
• HELOC
• renovation loan demand

Mentioned in this episode

Organizations: NAHB

Places: Northeast, Midwest

More episodes of The Construction Lending Podcast

• Red Tape, Real Costs · June 22, 2026 · 47 min

Explore listener stats, chart rankings, contacts and more on the The Construction Lending Podcast podcast page.