Homebuilders and Building Products: Monthly building products spending snapshot: trends mixed in May

Research evidence excerpt

Homebuilders and Building Products: Monthly building products spending snapshot: trends mixed in May

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Homebuilders and Building Products

Monthly building products spending

snapshot: trends mixed in May

Industry Overview

Overall card spending was up 5.1% in May 11 June 2026

Total card spending per HH, as measured by BAC aggregated credit and debit cards, was Equity

up 5.1% y/y in May. On a m/m SA basis, BAC card spending per HH increased by 0.1%. See United States

the BofA on USA report for methodology, limitations, and disclaimers related to BAC card Homebuilders and Building Products

data.

Home improvement declined slightly in May

May spending at home improvement retailers (a proxy for DIY spending) decreased (1%)

YoY (+9% from May 2019) vs. April’s (1%) decline. Spending on housing-related services (a

proxy for pro contractor spending) increased 2% YoY (+46% from May 2019), decelerating

from +4% in April. Roofing sales continue to decline meaningfully against strong comps

Rafe Jadrosich

driven by elevated storm demand in late 2024 and early 2025. Research Analyst

BofAS

+1 646 855 58155 of 9 building product categories rose YoY in May rafe.jadrosich@bofa.com

Roofing/siding, lumber, HVAC/plumbing and floor covering stores declined YoY in May.

Victoria Piskarev

Appliances sales turned modestly positive, likely price-driven. Concrete and landscaping Research Analyst

saw low-single digit YoY gains. General contractors and carpentry increased double-digit. BofAS +1 646 855 0657

victoria.piskarev@bofa.com

Exhibit 1: In May, home improvement & housing-related services trends were mixed YoY

BAC aggregated credit and debit card data spend over home improvement and services categories ShaunResearchCalnan,AnalystCFA

Monthly YoY Spending Jan. Feb. Mar. 1Q Apr.