I to have had a few dramas with this but I'm not sure that the renovation status is not saved. I went back to my template and resaved a bunch of faves making sure I had new status selected and also making sure that "layers" was a selected parameter that is saved with the favourite using the 'favourites parameters' function. Since then I have had less issues. Maybe the renovation status is considered as a layer by the fave so you have to have layers turned on as an active fave parameter?
On a side note the renovation layers toolbar really needs to have a locking function so you have "lock" everything you do to a current status regardless of faves or whatever.
V12-V27, PC: Ryzen 9 3950X, 64g RAM, RTX5000, Win 11