Did you attend HIRI Summit in 2023?
You can view the presentation recordings and download each presentation deck.
The Leading Resource for Home Improvement Insights
Get Access to $1 Million Worth of Secondary Home Improvement Industry Research & Insights!
01 | What key variables are, and will, drive the home improvement market?
02 | What are the primary shopping and purchasing behaviors of Pros and DIYers?
03 | What is the current - and future - size of the home improvement market generally and specifically by customer type, by trade, by product category, by project type?
04 | What home improvement projects are started, when, why, and after what research process?
05 | How, where, and how much are DIYers and Pros spending on home improvement products?
06 | What factors are driving change in DIYer and Pro channel preferences and influencing channel selection?
The home improvement industry’s only product-focused size of market study provides data back to 1992 with 5‑year forecasts for the consumer and professional markets. Product category level detail is provided for the consumer market and new in 2018 for the professional market. Geographic detail is provided for the 9 Census divisions with annual estimates to the state level.
LIXIL and the American Standard Brands have been a loyal member of the Home Improvement Research Institute for years. Our membership with HIRI is one of the more valuable subscriptions offering an incredible breadth of research on the consumer, PRO, and the industry. If you’re operating lean and looking for data or want to get up to seed on the trends in the home improvement industry, this is a great source.
LIXIL Water Technology Americas
Michalina Maka Longo
Our HIRI membership provides valuable resources and insights into the home improvement industry, particularly in forecasting the size of the home improvement market. We've benefited greatly from our participation in the annual conference, which brings together a wide range of professionals for meaningful discussions on the industry and, of course, for valuable networking opportunities.
With a long history of providing research and insights into the home improvement marketplace, HIRI keeps its finger on the pulse of consumer and trade professional attitudes, purchase decision-making and priorities, and how they influence home renovation trends. Its industry-leading research helps VELUX Skylights make smart business decisions.
Velux America LLC
FirstService Brands has been a HIRI member for 10+ years. We consistently use the research and get great benefit from the HIRI Summit. It has been good to see the organization mature over the years and enjoy increased industry awareness.
Ian Van Heyst
Our Marketing, Sales, and Innovation teams have been utilizing HIRI research increasingly more to supplement our primary market research, to identify trends, and to support customer line reviews. And the webinars offered have been a great way for us to better understand the reports. We also appreciate how HIRI is evolving and expanding its research scope to further meet the needs of its members.
The Economic & Industry Update covers general economic data, housing market data, and home improvement market data.
In partnership with The Farnsworth Group, HIRI has developed a monthly tracker, surveying homeowners to learn what they see, think, and are doing right now in the home improvement arena.
Sign up for the HIRI newsletter to stay informed about the research we’re conducting, home improvement industry trends, and information on our upcoming Home Improvement Insights Summit.
Hometown Impact: How Local Housing Markets are Impacting Home Improvement Activity
When it comes to consumers, the markets for several of the major product categories involved in kitchen remodels are expected to decline in 2023 and 2024, and then rebound from 2025 to 2027. This includes paint and preservatives; plumbing fixtures and supplies; kitchen cabinets and countertops; and doors and molding. On the other hand, the market for hard-surface floor coverings is projected to continue growing among homeowners and DIYers from roughly $7.6 billion in 2023 to $21.6 billion in 2027.
Let’s dive into the key takeaways from each speaker at this year's Summit and explore how those takeaways can shape the 2024 go-to-market strategies of home improvement suppliers and manufacturers.
Even still, consumer spending for nursery stock and soil treatments, as well as lawn and garden equipment and supplies, continues to decrease in 2023—a trend that started in 2022. However, both of these market segments are expected to recover over the next few years. Watch for our upcoming 2023 Product Decision Study, which will be released to HIRI members by November 2023.
Understand the Pro and Homeowner customer behaviors that are impacting your company's market share and bottom line. HIRI members have access to product and project level insights based on Pro and DIYer shopping and purchase behaviors. Members are also privy to market level analysis and channel focused reporting.
HIRI members receive $1 Million of proprietary research, with roughly 50 reports being delivered annually. Studies are geared both to meet the individual needs of members and to gauge market trends relevant to our members as a whole.
Every year industry professionals gather to dissect trends, describe their research and forecast what’s coming.
A summary of studies is presented by HIRI’s research partners via the web. Receive our monthly news update featuring HIRI’s research highlights along with hot topics, additional home improvement news and industry developments.
HIRI is composed of the top retailers, manufacturers, distributors, publishing companies and trade associations in the home improvement industry. With members from every corner of the home improvement market, we can ensure research that’s essential to keeping you in the lead.