It is difficult for many economists to predict the U.S. recovery from the COVID-19 pandemic. Recently, IHS Market presented its US economic forecasts and how the home improvement industry will fair in 2020 and beyond to HIRI members.
In the first quarter of 2020, the Home Improvement Research Institute (HIRI) partnered with The Farnsworth Group to survey more than 500 contractor professionals to gain their insight into the labor shortage and how it has impacted their business.
More than 90% of home improvement consumers report researching online ahead of a home improvement purchase, with 40% citing online research as “extremely important” to their final decision. While online purchases are growing rapidly, there is still a clear divide between products consumers will likely buy online and those they consider unlikely to purchase online.
In 2019, the Home Improvement Research Institute (HIRI) partnered with The Farnsworth Group to survey 1,695 contractor professionals, including remodelers and specialty tradespeople, to gain insight into the contractor product market.
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.
In the last decade, it has become increasingly more common to hire professionals for home improvement projects.
Thriving omnichannel businesses don’t just sell through multiple sales channels — they create a continuous experience for consumers. From brick-and-mortar stores to online-only storefronts, print media and social media, omnichannel businesses make it easy for customers to find and interact with them and their products.
