Millennials Are Driving the Future of Home Spending, According to Angi’s State of Home Spending Report

Core Insights - Millennials are the primary drivers of home project spending, leading all generations in total spending per household, despite not being the largest group of homeowners [1][5] - 77% of Millennials plan to undertake major home projects in the next five years, indicating a strong trend towards home investment rather than relocation [2] - The trend of renovating rather than relocating is influenced by high mortgage rates, with 74% of Millennials citing this as a reason to improve their current homes [3] Spending Trends - In 2025, U.S. homeowners spent an average of $12,472 on home projects, a 3.5% increase from $12,050 in 2024, with households completing an average of ten projects [6] - Millennials led overall home project spending with an average total spend of $14,199, which includes the highest maintenance and emergency spending among all generations [8] - Home maintenance spending rose to $2,041 per household, while emergency repairs increased to an average of $1,143 [8] Market Dynamics - Millennials are reshaping the home improvement market with a focus on design-forward updates, eco-conscious materials, and technology upgrades [4] - Despite leading in spending, Millennials face challenges such as difficulty in finding skilled labor, which can lead to project delays and increased costs [3] - The overall home improvement spending by older generations remains significant, but Millennials are increasingly prioritizing maintenance and emergency repairs [5][8]