Bathroom Remodeling Spending to Grow Nearly 5% Through 2022

Cleveland, Ohio -- U.S. bathroom remodeling spending is projected to rise 4.9% annually to $33.9 billion in 2022. Gains will be driven by a high level of homeowner interest in remodeling or adding bathrooms. Flooring is expected to see the fastest growth as homeowners opt for low-cost LVT and slip-resistant porcelain and stone tile.

Spending on countertops installed as part of bathroom renovations is expected to climb 3.4% annually to $7.1 billion in 2022. Bathroom countertop product sales will rise 3% per year through 2022, boosted by consumer interest in using high-value countertop materials such as engineered and natural stone, as well as for intricate countertops that are more difficult to install.