Latest News

HIRI/IHS Markit forecast expects 4.1% growth in the home improvement products market in 2019 after a strong 4.6% in 2018
Growth in the home improvement products market appears to have plateaued recently and is poised to slow down in the coming years. We have revised our forecast for 2019 sales down compared with our March report, with total sales in nominal dollars now projected to increase 4.1% to $405 billion. Consumer Market sales are expected to increase by 3.9% in 2019 and Professional Market sales by 4.5%.

Join the Brightest Minds in Home Improvement
As a home improvement industry specialist, you crave high-level and granular insights developed by and for category pros. This September, immerse yourself in an intimate, custom-built setting for thought leaders and change makers working within a unique yet massive space.

The Home Improvement Research Institute (HIRI) Home Improvement Summit is the premier event delivering the latest insights on consumer and trade customers, channels and economics. Connect with top speakers and peers to discuss data-driven solutions, forward-looking ideas and inspiration touching every aspect of home improvement.   Register today at www.hirisummit.com

INFOGRAPHIC: DIY to Do-it-for-Me Home Improvement 
How do homeowners use the products they purchase? The answer sheds light on how they are planning to improve their home — and what they need and want from you.   See HIRI’s infographic to learn more about at home improvement actions, attitudes and demographics, helping you segment potential customers and understand their needs. 

Top-priority projects for homeowners in 2019
The quarterly Project Sentiment Tracking Survey tracks project plans across 32 home improvement project areas. From planned project execution to planned budget, results from 3,000 homeowner responses shed light on motivations and where in the home your potential customers have planned or upcoming projects. 

How will tariffs and the Tax Act affect your business? 
How will recent tariffs and the 2017 Tax Cuts and Jobs Act affect home improvement industry pros and their businesses? For the answers, the Home Improvement Research Institute (HIRI) surveyed nearly 300 panelists across various construction and remodeling trades. Results show pros slightly favor recent U.S. tariffs, though 10% are very concerned about the effect these tariffs will have on their business. Meanwhile, 90% of pros who experienced a decreased tax spend used those savings to expand their business or bottom line. 

Learn about the single source for home improvement market trends
The U.S. Reference Guide is a 200-plus-page guide of at-your-fingertips facts related to home improvement. Produced by the Home Improvement Research Institute (HIRI), the guide contains sections on home improvement market size, national population, employment, income, consumer expenditures and housing — and brings them together in one convenient, easy-to-read resource. 

Recently Released Research

U.S. Size of the Home Improvement Products Market, September 2019
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.  Detail is provided at the Census division and state level.

State of the Smart Home
This report assesses the USA market for smart home devices and route to market. It includes market estimates for 2017 and market forecasts from 2018 through 2022 in terms of revenue and unit shipments with splits by route to market. IHS Markit has defined the scope of the smart home market to include all devices that have digital connectivity and act as part of a smart home, including point devices limited to Bluetooth, as well as devices that are part of a complete ecosystem of devices with machine-to-machine (M2M) connectivity; a device is also defined as smart in this report if there is digital command/control of the device.

U.S. Size of the Home Improvement Products Market, March 2019
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.  Detail is provided at the Census division and state level.

Recent Home Buyer Study
When does your house start to feel like home? For many, it's not when you put your final signature on the stack of paperwork that never seems to end. Rather, a house starts to feel like home when you put your own personal touches on it. The time spent around this is often filled with a flurry of activities around the house. HIRI’s newly released Recent Home Buyer Study examines those who have purchased a home within the last year and digs deep into what type of work they have done and plan to do to their house.

Retail Selector Study
The Home Improvement Retail Selector Study delivers comprehensive insights on consumer purchasing dynamics in 16 home improvement categories. From ceiling and floor coverings to doors and millwork, HIRI members learn what consumers are purchasing and where, why they prefer one retailer to another and how these numbers compare to the studies conducted in previous years.

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