Public-source statistics and homeowner interpretation for residential construction risk.
Statistics are not included to imply that most contractors are dishonest. They are included to show why homeowners should document scope, verify contractors, understand terms, and obtain owner-side advice before signing.
FTC Consumer Sentinel received 6.5 million consumer reports in 2024.
FTC data cited by Forbes Advisor reported 81,925 home improvement-related complaints in 2024.
BBB data cited in 2024 reporting placed the median loss for home improvement scams around $1,800.
| Source | Used For | URL |
|---|---|---|
| FTC Consumer Sentinel Network Data Book 2024 | 6.5 million consumer reports in 2024 | https://www.ftc.gov/reports/consumer-sentinel-network-data-book-2024 |
| BBB Scam Tracker Risk Report 2024 | Scam reporting and consumer risk context | https://bbbmarketplacetrust.org/wp-content/uploads/2025/02/2024-RiskReport-US.pdf |
| Consumer Federation of America 2024 Complaint Survey | Home improvement complaint category definition | https://consumerfed.org/reports/consumer-complaint-survey-report-2024/ |
| BLS Business Employment Dynamics | Business survival and construction establishment survival context | https://www.bls.gov/opub/ted/2024/34-7-percent-of-business-establishments-born-in-2013-were-still-operating-in-2023.htm |