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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.



The Home Improvement Research Institute

(HIRI)
is a membership based, independent, not-for-profit organization of manufacturers, retailers, wholesalers and allied organizations in the home improvement industry. Its mission is to be recognized as the primary authority for effective, useful information about home improvement products and services in North America.

Founded in 1981 as the Do-It-Yourself Research Institute, the name changed to the Home Improvement Research Institute in October, 1989 to reflect an expansion in its research scope to include the professional remodeler segment of the home improvement market.

HIRI's primary research encompasses baseline and tracking studies which profile the characteristics, attitudes and buying behaviors of consumer and professional remodeler customers. Research is proprietary to member companies and is geared to meet the individual needs of the Institute's membership base while gathering data which accurately gauges trends in the market.

HIRI's research provides members with some of the most actionable research in the industry at a value well over 50 times the annual membership investment . The membership of the Home Improvement Research Institute currently represents over 70 of the leading firms in the industry.



 

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Home Improvement Research Institute
10117 Princess Palm Avenue, Suite 575, Tampa, FL 33610 
p 813-627-6750      e admin@hiri.org