2024 Home Improvement Market Size Forecast By State [INFOGRAPHIC]

The Sep­tem­ber 2023 update to the U.S. Size of the Home Improve­ment Mar­ket Fore­cast is now avail­able to HIRI members.

Over­all, the fore­casts have decel­er­at­ed fol­low­ing high growth in 2020 – 2022. 

The Moun­tain and West South Cen­tral regions are pro­ject­ed to dis­play the strongest growth in home improve­ment prod­ucts sales over the remain­der of the fore­cast peri­od, with sales grow­ing at 0.6% and 0.5% per year, respectively. 

The South Atlantic region is pro­ject­ed come in third at 0.4% growth per year.

The East North Cen­tral region will have the slow­est growth of home improve­ment prod­ucts over the fore­cast hori­zon declin­ing by 0.2% per year, while the Mid­dle Atlantic will rank eighth with neg­a­tive growth of 0.1% per year.

Here’s a look at the state by state fore­casts for home improve­ment spend­ing in 2024, sep­a­rat­ed by con­sumer and pro cus­tomer segments:

Fastest Growing Markets for Consumer Home Improvement Spending (CAGR 2023 – 2027)

1. Alas­ka
2. Wash­ing­ton
3. Vir­ginia
4. Mary­land
5. Neva­da
6. Con­necti­cut
7. Ari­zona
8. Ore­gon
9. Hawaii
10. Rhode Island

Fastest Growing Markets for Pro Home Improvement Spending (CAGR 2023 – 2027)

1. Alas­ka
   
2. Okla­homa
   
3. Louisiana
   
4. Geor­gia
   
5. Ore­gon
   
6. Hawaii
   
7. South Car­oli­na
   
8. North Dako­ta
   
9. Rhode Island
   
10. North Car­oli­na
    

HIRI mem­bers gain access to the raw data behind info­graph­ics like this one, to slice-and-dice the raw data to suit the needs of their own cus­tomer insights teams and answer cross-depart­­­men­­­tal ques­tions about how to take home improve­ment prod­ucts to market.

Join the ranks of the top man­u­fac­tur­ers and retail­ers in the home improve­ment space. Book your mem­ber­ship con­sul­ta­tion to learn more about what kinds of mem­ber-exclu­­­sive infor­ma­tion your team would have access to.