Despite a cooling overall retail market and economic uncertainty, U.S. homeowners are increasing spending on renovations. Rising home prices, high mortgage rates discouraging sales, and an aging housing stock are driving this trend, though economic downturns could temper future growth.

• Renovation sales rose 0.8% in April, exceeding overall retail gains.
• High interest rates are slowing large remodel projects.
• Aging homes & 'locked-in' mortgages fuel renovation demand.