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HIRI Monthly Tracker Update: Current Challenges for Pros

If the state of the home improve­ment prod­ucts cat­e­go­ry mat­ters to you and your brand, it’s impor­tant to con­sid­er a vari­ety of fac­tors. For exam­ple, while the con­sumer (or the per­son choos­ing to take on a home improve­ment project) is a key stake­hold­er, the pro­fes­sion­al con­trac­tor hired to do the job is equal­ly crit­i­cal. That’s why the Home Improve­ment Research Insti­tute teamed up with The Farnsworth Group to track chang­ing sen­ti­ments among pro­fes­sion­als in the home improve­ment business. 

In our most recent­ly released we found that COVID-19 con­cerns and mate­r­i­al avail­abil­i­ty were the two most promi­nent pain points affect­ing pros this Jan­u­ary. How­ev­er, some pos­i­tive fac­tors in the mar­ket are keep­ing pros feel­ing safe and secure for the time being.

Near­ly half of pro­fes­sion­als dealt with job delays through­out the first month of 2022, up to 49% from the rel­a­tive­ly steady rate of 35% observed since the end of last sum­mer. The pan­dem­ic is the main cul­prit for the increase, as oth­er report­ed caus­es have remained con­stant dur­ing the same timeframe.

HIRI Pro Tracker Work Delays

To add to the above woes, mate­r­i­al short­ages are believed not to improve any­time soon. In fact, 44% of pros report­ed severe” or mod­er­ate” mate­r­i­al short­ages, up from 36% one month ago. Lum­ber and build­ing mate­ri­als remain the tough­est prod­uct cat­e­gories when it comes to sup­ply chain issues — and the length of mate­r­i­al delays is ris­ing again, with 11% claim­ing delays of more than a month.

On the bright side, although scarci­ty has caused prices to rise, costs have not pre­sent­ed any new chal­lenges to those who are pass­ing addi­tion­al price increas­es to their cus­tomers. And, with the demand for con­trac­tors so high, most pros do not find them­selves in imme­di­ate risk of los­ing jobs due to price increas­es.

Our Pro Track­er will con­tin­u­al­ly relay con­trac­tor sen­ti­ment from the field every month. Join HIRI to get instant access to the full reports as they are released.

Stay Informed

If you’re not yet signed up for our newslet­ter, we’d love to get your con­tact infor­ma­tion so you can stay informed about the research we’re doing and infor­ma­tion on our upcom­ing vir­tu­al Home Improve­ment Insights Summit.