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Home or residential renovation is an almost $300 billion industry in the United States, [5] and a $48 billion industry in Canada. [6] [full citation needed] The average cost per project is $3,000 in the United States and $11,000–15,000 in Canada. Professional home improvement is ancient and goes back to the beginning of recorded civilization.
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An estimate was that in 2003, the market for home-maintenance and repair spending was up 14% from 2001 to 2003. [14] Another estimate was that the market in the United States was $126 billion and was increasing by about 4% annually. [12] American homes are aging; one estimate was that in 2007, more than half of all homes are older than 25 years ...
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