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Block Renovation Releases 2025 Report "How America Renovates": Stretching Budgets, Staying Put, & Turning to AI

Summary by Benzinga
Over 85% of homeowners experienced stress during their renovations, and 39% of Millennials reported that renovating strained their relationships. 73% of homeowners tapped into personal savings to fund renovations, with most budgeting between $10,000–$25,000 and one third reporting going over budget. 45% of Millennials are using online platforms to find contractors, and 16% are using AI during the renovation process, far outpacing older generatio…

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Cleveland Scene broke the news in on Wednesday, May 7, 2025.
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