Point says home renovation demand has dropped to its lowest level since 2024

Homeowner interest in using home equity to fund remodeling projects stalled in the third quarter, tracking toward its weakest reading since early 2024 after two quarters of gains, according to preliminary data published Tuesday in Point’s Homeowner Remodeling Index (PHRI). The PHRI, based on quarterly changes in homeowner inquiries to Point that specifically cite renovation as the purpose for home equity financing, slipped to a neutral reading over the summer. That followed a second-quarter reading that was near the top of the index’s historical range and the highest since early 2022, Point said. Nearly 62.5% of all home equity investment (HEI) inquiries to Point in the first two months of the third quarter referenced a home remodel. That share was down from 64.9% in the second quarter but above 60.7% in the same period of 2025. Index values above zero indicate expanding remodeling demand, while values below zero suggest contraction. The slowdown comes despite strong stated intent to renovate. A separate Point survey conducted in spring 2026 found that 65% of homeowners plan to remodel in the next 12 to 18 months. Of those planning a remodel, 62% expect to use something other than ...