March 2013 Home Improvement Market
Sales Forecast increased
5.4% in 2012 with slightly slower growth of 4.3% in 2013
The March, 2013 IHS Global Insight/HIRI Home Improvement
Products Market Forecast for 2012 total home improvement product sales is slightly
ahead of our September 2012 forecast at +5.4% to $275.6 billion.
Our product sales growth forecast in 2013 is little changed
from our September report. We expect
slower growth of the home improvement product market in
nominal dollars, with total sales increasing 4.3% to $287.3 billion.
We expect stronger growth of home improvement sales
averaging 5.9% in 2014-2015 with a deceleration in the following two years as
the housing market cycle runs its course.