September HIRI/IHS Global Insight forecast for 2014 up 4.9%, Expecting 5.8% sales growth in 2015
Total home improvement products sales are expected to increase 4.9% in 2014 to $303 billion. The Professional Market is expected to increase 5.0% in 2014 over 2013 and the Consumer Market will see a sales increase of 4.9%.
We continue to expect home improvement product sales growth to accelerate over the next two years with 2015 forecasted to increase 5.8% over 2014.
(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.
