Private residential construction spending saw its third consecutive monthly gain in May, driven largely by improvement (remodeling) spending. Remodeling was the only residential sector that posted a monthly increase, with spending rising by .9% over the month and 8.1% in the past year.

This increase was in line with earlier predictions from industry experts, including NAHB Economist Eric Lynch, who spoke about it during a panel discussion at the 2026 International Builders’ Show in Orlando.

On Tuesday, July 28, Lynch, along with other economic forecasters and remodeling experts, will participate in a webinar to give a mid-year remodeling forecast update.

The panelists include:

• Rachel Bogardus Drew, director of the Remodeling Future Program at the Joint Center for Housing Studies (JCHS) of Harvard University
• Eric Lynch, NAHB economist
• Danushka Nanayakkara-Skillington, NAHB assistant vice president of forecasting and analysis

The hour-long discussion, moderated by Vince Butler, president of Butler Brothers Corporation, will provide the latest on macroeconomic trends, remodeling demand, home owner spending patterns, NAHB’s Remodeling Market Index (RMI) and State Projections of Remodeling (SPR), and what’s expected to impact the industry in the coming months.

“The longer-term outlook for the remodeling industry remains encouraging,” said Bogardus Drew, “with an aging housing stock in need of continual maintenance, as well as an aging cohort of home owners who will require more accessibility features in their future housing.”

Those seeking tips on how to better use remodeling resources and understand the research behind it are encouraged to attend.

Log in to NAHB.org to register for free. To create an account, visit www.nahb.org/register or call the help desk at 202-266-8313 for assistance.