Current Market Share and Reliable Forecasts through 2026

We partnered with Home Innovation Research Labs to produce what we believe is the best and most current data and forecast to help US building products companies size their market and track their growth rates relative to the addressable market.

Home Innovation Research Labs has been surveying home builders and households for decades. Their most recent detailed survey included responses from ~1,300 home builders who build ~32,000 homes per year, and ~75,000 households, more than half of whom had done a repair or remodel project in the last year.

The Building Products Demand Meter Forecasts measure installed residential market volumes across 18 major building product categories—from dimensional lumber and siding to HVAC and interior paint—through 2026.

Updated January 2024


US residential faucet demand is projected to increase from 33.52 million units in 2023 to 34.04 million units in 2024, an increase of +1.6% by volume.

Faucets: 2024 Projected Residential End Market Shares

New Construction


Repair and Remodel


Sources: John Burns Research and Consulting, LLC; Home Innovation Research Labs

Building Products Demand Meter Forecast: Faucets uses JBREC’s proprietary market research to help you understand both market changes and total installed volume on an annual and quarterly basis. Clients can access data on faucet repair and remodels, additions, and replacements to existing homes, as well as faucet demand for new residential construction (includes both single-family and multifamily).


Quarterly Unit Installed Volumes are available for New Construction and Repair and Remodel end market exposures. Please talk to our building products consulting team for custom regional and material breakouts.

Materials Covered

Includes kitchen sink faucets, lavatory sink faucets, and bathtub/shower faucets

Updated January 2024

Current Conditions

  • We expect annualized 1Q24 volumes to be 32.65 million units (-0.8% YOY), including kitchen sink faucets, lavatory sink faucets, and bathtub/shower faucets.
  • Stronger year-over-year housing starts at the end of 2023 and into early 2024 will drive delayed demand for faucets in new construction, as these products are installed more toward the end of the construction process.
  • Weakness in bigger-ticket remodeling projects is leading to softer demand, as consumers are undertaking fewer large remodeling projects, such as kitchen and bathroom remodels, due to interest-rate sensitivity.
  • We expect demand from deferred kitchen and bath discretionary R&R projects to increase in 2H24 due to homeowners undertaking big-ticket kitchen and bath remodeling projects (because of expected falling interest rates reducing the cost of accessing high home equity levels).
  • Our quarterly Kitchen and Bath Market Survey in partnership with the National Kitchen and Bath Association, revealed higher-than-normal price increases and a continued lull in retail foot traffic.

Demand Outlook

  • 34.04 million units installed in 2024 (+1.6% YOY)
  • We expect 2024 single-family housing starts to increase, driving demand for faucets. Offsetting this is a significant contraction in multifamily new construction. We expect multifamily new construction to contract by double digits in 2024 due to completed multifamily units outpacing demand and a higher cost of capital to fund multifamily projects.
  • Rate buydowns and quick-move-in homes supported 2023 new home sales, according to our monthly Builder Survey. The subsequent push to find replacement communities has primed production builders for growth.
  • We expect an increase in year-over-year installed R&R volumes in 2H24 due to falling interest rates and homeowners undertaking more bigger-ticket kitchen and bath remodeling projects.
  • Our monthly Building Products Dealer Survey, in partnership with the Executive Council on Construction Supply and the National Lumber and Building Materials Dealers Association, anticipates the strongest revenue growth from the Kitchen, Bath, and Cabinetry categories in 2024.
Forecasts through 2026 are available exclusively to building products research members. Click here to learn more.

About our partner

Home Innovation Logo-Horizontal-Color-01

Home Innovation Research Labs

Home Innovation Research Labs (formerly the NAHB Research Center) is a full-service research, testing, and consulting firm determined to improve the quality, durability, affordability, and environmental performance of single- and multifamily homes and home-building products.

Reach out to our partners at Home Innovation

Ed Hudson

Director, Market Research Division at Home Innovation Research Labs

Mike Luzier

President & CEO at Home Innovation Research Labs

Building Products Demand Meter

This industry-first data product tracks current and historical US residential installed product volumes (final demand) for major building product categories.

Members can access market sizes for 18 building product categories.

Track US residential installed product volume for 18 unique building product categories: lumber, concrete, drywall, paint, bathroom fixtures, lighting, and more.

Three-year forecast of levels and growth rates are available annually and quarterly.

History of changes in product volume back to 2000 for each building product category

Also available in standardized format, enabling easy comparisons of product installation volumes relative to each category’s historical range

Based on JBREC proprietary forecasts and extensive, industry-leading survey data from Home Innovation Research Labs

Questions about our Building Products Demand Meter?

Custom Building Products Consulting Services

Building Products Consulting

Structural Building Materials, Interior Fixtures, Prefab Construction, Commercial Construction

Our team is comprised of industry experts with diverse sector and functional experience. We partner across organizations to provide custom consulting reports to aid organic and inorganic investment decisions, strategic planning, and marketing.


Through our custom consulting you can receive accurate answers to questions like these for faucets:

What materials are popular with homeowners?

How are water usage code changes impacting faucet designs and preferences?

What is the market share of no-touch faucets?

Building Products Demand Meter Categories

We measure installed residential market volumes across 18 major building product categories.

Forecasts through 2026 are available to clients. Click on each product category to peek at our 2024 forecasts.

Contact us to maximize your opportunities in the housing market.

If you have any questions about our services, or if you would like to speak to one of our experts about how we can help your business, please contact Client Relations at