It’s no surprise that consumers of differing ages and in differing life stages have varying preferences and purchase motivations when it comes to selecting home improvement products. Generational differences can have an effect on all aspects of the purchase journey, from preferred shopping channels to point of purchase considerations and post-purchase brand loyalties.Additionally, there are coinciding factors — including socio-economic status, homeownership rates, and disposable income levels — that influence how homeowners allocate their budgets for home improvement.
Our Generational Differences in Home Improvement Activity Report provides a comprehensive picture of generational attitudes and behaviors towards the means by which home improvement projects are completed, comparing behaviors across all generations, from Millennials to the Silent Generation. Because they compose a significantly smaller percentage of homeowners and home buyers, Gen Zers are often incorporated into the Millennial demographic. Here is a look at some of the key trends that emerged from this analysis:
Despite lower levels of home equity and net worth, Millennials lead in annual home improvement spending, with one in five spending more than $5k on projects. According to additional data from the National Association of Realtors, millennials comprised the greatest percentage of homebuyers in 2024, or 38%; Gen Xers contributed another 24%. Home maintenance — which includes routine tasks and activities to keep a home in good condition and prevent the need for repairs — is the most common type of home improvement project among all homeowners. Millennials and Gen X complete repairs and renovations at higher rates than Boomers.When it comes to average home improvement spending, each successive generation spends significantly less. Gen Xers spend about 12.6% less than Millennials, while Boomers spend approximately 20.5% less than Gen X. The Silent Generation spends roughly 11.3% less than Boomers, highlighting a consistent downward trend in spending as each generation ages. That’s the average. When we look separately at median home improvement spending, there’s an even more distinct decline across generations. Millennials spend about 51% more than Gen X, while Gen X spends 32% more than Boomers. Boomers, in turn, spend around 9% more than the Silent Generation, reflecting a consistent decrease in spending as each generation ages.
When it comes to selecting products and materials for home improvement projects, quality and price are approximately three times more influential than other factors for all generations. Looks and aesthetics are slightly more important for Gen X and ease of installation is a bit more meaningful to the Boomer/Silent Generation. In general, messaging and marketing that focuses on product quality and prices will resonate more strongly with homeowners than other factors. In terms of motivations for undertaking projects themselves, Millennials are more heavily influenced by discretionary factors such as home enjoyment, style, and quality of life. These motivators descend in importance with each subsequent generation.
Over the years, homeowners have become more aware about topics like sustainability, energy efficiency, and smart home products—as well as how these concepts interrelate. However, energy efficiency is by and far the most important factor when it comes to home improvement decision-making, influencing nearly three-fourths of homeowners in each generation. Selecting sustainably built products is the second most important factor, followed by smart home integration. Cost savings and comforts are the primary motivations, regardless of demographic, for investing in these areas, which implies that value messaging will resonate more than eco-consciousness in promoting future energy efficient, smart home, and eco-friendly home improvement products.
Although all generations use both online and in-person methods for home improvement, Millennials use online resources the most, relying on them to look up product research and user reviews more than other generations. Young homeowners engage social media platforms significantly more than other cohorts — or 39%, compared to 23% for Gen Xers and 9% for Baby Boomers and the Silent Generation — leveraging mobile devices for research and inspiration. YouTube, in particular, remains the dominant platform for these purposes. Having a broader social media presence can help manufacturers and retailers engage younger homeowners. Meanwhile, Boomers are the most likely to visit local home improvement stores and rely on recommendations from friends and family members. Additionally, there is a healthy amount of trust that in-store retailers carry good quality products, but Millennials are more likely to prioritize product details, safety information, and reviews, before making a purchase.
Looking ahead to 2025, Millennial optimism about home improvement is likely to sustain ongoing activity. In general, they feel more positive about starting projects — both smaller endeavors below $5k and bigger projects above $5k — and hiring a contractor. Nearly half of Millennial homeowners plan to increase their home improvement spending over the next 12 months, compared to 37% of Gen Xers and 27% of Boomers. Additionally, this generation of homeowners possesses more intermediate DIY experience than older homeowners, which includes tasks like installing hardwood flooring or replacing a window. They also are more likely to take on additional projects as they age.
Aging in place and multi-generational housing trends are likely to fuel increased home improvement demand in the years ahead. For example, in 2024, one-quarter of Millennials completed an aging in place upgrade, along with 26% of Gen Xers and 29% of the Boomer/Silent Generation. About 11% of Millennials also had a family member move in last year, and we’re seeing a strong current of multi-generational home buying, fueled by cost savings and the need to care for aging parents. They are likely to drive future home improvement projects to accommodate multiple family units.
All that said, there are some general principles you can apply in your go-to market and advertising strategies to increase market penetration among various generations:
As the data suggest, Millennials especially prioritize getting product information online before purchasing, and Gen X customers find value in conducting online research as well. Manufacturers and suppliers should provide detailed information about how to use their products in applicable projects on their websites and through social media platforms to satisfy pre-project researchers.Manufacturers and retailers can imbue continued confidence in DIY’ing by taking to market products that cater to Millennial and Gen X’s DIY interests and motivate them to take on more projects.
The report suggests that age and project planning correlate negatively, with younger generations planning more. Manufacturers and retailers can offer online resources, such as project tutorials and guides, to assist with planning and organizing.Identify which marketing touch-points are most attributable to the point of sale and be sure to invest in providing a high-value buyer’s journey at those points to increase market share.
By understanding key generational differences and applying learnings gleaned from insights, home improvement professionals can create and market products that appeal to specific age groups while tailoring their marketing and sales strategies accordingly.Want to dig into the full Generational Differences in Home Improvement Activity Report and tabulate the source data specifically for your own use cases? Join HIRI for unlimited access to our full stores of exclusive research.
HIRI members have exclusive access to ~$1M of annual research, which covers Channel, Product, Project, and Market Size activity for both Homeowners/DIYers and Contractors. HIRI is the best source of secondary home improvement information. To leverage HIRI data ensures your organization has a strong, foundational comprehension of the industry and dynamics impacting it.