The home services market is undergoing rapid transformation, and Ace Handyman Services is at the center of that momentum. Recently, our CEO, Andy Bell, sat down with Bloomberg’s Open Interest to discuss the state of the industry — offering clear insights into shifting homeowner behaviors, long‑term market growth, and the opportunities emerging in 2026. 

Here’s what you need to know.

A Market on Track to Double in Size

The home services sector is booming — already valued at nearly $700 billion and projected to surpass $1.4 trillion a decade from now, according to figures cited in the Bloomberg segment. This explosive growth is being fueled by two major trends:

  • High housing costs pushing buyers toward fixer‑uppers
  • An aging population that needs home modifications to live safely and comfortably

Both factors continue to increase demand for trusted home service providers nationwide. 

Why Homeowners Are Choosing to Renovate Instead of Relocate

In his interview, Bell emphasized that today’s homeowners are prioritizing comfort, functionality, and value within their existing spaces. With elevated home prices and limited inventory, renovating has become the smarter, more appealing choice for many families.

From whole‑home updates to essential repairs, homeowners are investing in customized improvements that enhance livability — a trend that is expected to gain even more momentum through 2026.

Skilled Labor: The Industry’s Greatest Challenge — and Opportunity

During his broader discussion of industry challenges, Bell highlighted the nationwide shortage of skilled labor as the primary constraint on growth. The demand for qualified craftspeople continues to outpace supply, creating delays and limiting capacity for providers who aren’t equipped to develop and retain talent.

He explained that overcoming this challenge requires companies to:

  • Become employers of choice
  • Create clear career pathways
  • Support apprenticeships and hands‑on training
  • Build cultures of dignity, respect, and work‑life balance

Ace Handyman Services continues to invest in programs that guide workers from apprentice to craftsman — and even to franchise ownership, helping strengthen the entire home services ecosystem for the long term.

Growing to Meet Homeowners’ Needs, Coast to Coast

With more than 400 locations across 47 states, the Ace Handyman Services network is uniquely positioned to support the rising demand for reliable home improvement and repair professionals. Bell reinforced how valuable it is for homeowners to have access to multi‑skilled craftspeople backed by a one‑year guarantee on labor and materials — giving customers confidence that the job will be done right. 

Looking Ahead: What 2026 Means for the Home Services Industry

The outlook for 2026 is strong. Based on insights from the Bloomberg interview, here’s what homeowners and industry professionals can expect:

  • Continued market expansion as renovation spending increases
  • Rising demand for skilled trades and professionalized home services
  • Greater focus on quality, reliability, and long‑term value
  • A growing need to modernize homes for aging‑in‑place lifestyles

As Bell shared, the companies that lean into workforce development, customer trust, and exceptional service will lead the next decade of growth.

Watch the Full Interview

You can view Andy Bell’s full appearance on Bloomberg’s Open Interest — including his thoughts on homeowner behavior, market growth, and the future of home services