September HIRI/IHS Global Insight Forecast for 5.4% Growth in 2013
The September, 2013 IHS Global Insight/HIRI Home Improvement Products Market
Forecast for 2013 total home improvement product sales was revised upward from
our March 2013 forecast to increase +5.4% to $293 billion.
With recent revisions in the Census Bureau source data used for our market
size estimates, we now show stronger growth of home improvement product sales
in 2011 with 4.5% and slightly slower growth in 2012 of 5.0%.
We expect growth of home improvement sales averaging 6.9% in 2014-2015 with
a slight deceleration in the following three years as the housing market cycle
runs its course.