Home Improvement Market Size

The Home Improvement Research Institute (HIRI) provides members exclusive access to its quarterly U.S. Size of the Home Improvement Products Market Report & Forecast, the industry's only product-level size of market study. The report includes detailed statistics for both the consumer and professional home improvement markets, including current market size, historical growth trends, compound annual growth rates (CAGR), and five-year forecasts across numerous product categories. It also examines the economic factors shaping the market outlook, identifies risks to future growth, and provides multiple forecast scenarios based on potential economic conditions.

Evaluating product category performance is vital for making informed decisions about inventory investments in the home improvement industry. You can evaluate and compare different product categories based on market performance by analyzing key performance indicators (KPIs), such as demand strength, growth margin return on inventory investment (GMROI), inventory turnover ratio, and sell-through rate. The U.S. Size of the Home Improvement Products Market Report & Forecast, provided by the Home Improvement Research Institute (HIRI), is a good resource to get data on the projected compound annual growth rate (CAGR) for numerous building product categories for a five-year forecast. This report, put out quarterly, contains important data and insights to help industry professionals evaluate past performance and the future forecast for home improvement product categories in order to decide on inventory investments for a particular brand. 

The Home Improvement Research Institute (HIRI) supplies a variety of research studies and reports that include regional breakdowns on home improvement market trends. For example, HIRI's quarterly U.S. Size of the Home Improvement Products Market Report & Forecast provides geographic detail for the nine cen­sus divi­sions: New England, South Atlantic, Middle Atlantic, East North Central, East South Central, West North Central, West South Central, Mountain, and Pacific. The report also includes annu­al esti­mates to the state level. Other research that provides regional breakdowns for home improvement market trends include HIRI's United States Reference Guide and HIRI's monthly Economic and Industry Update Report and Analysis. This data can help you track regional variations in trends related to projects, product purchasing, and homeowner preferences. 

You can find the latest projections for the home improvement market size and projected growth by downloading the Home Improvement Research Institute's quarterly U.S. Size of the Home Improvement Products Market Report & Forecast. HIRI's research indicates research indicates that DIY refreshes and essential replacements remain resilient, while discretionary, big-ticket projects face pressure. Even in a subdued housing market, home improvement spending remains near record levels, as repairs and replacements anchor demands—which means that this year may feel similar to last year for building products manufacturers and retailers. For the latest projections, check out HIRI's quarterly State of the Home Improvement Industry webinar, which delivers a look at the market forces shaping homeowner behavior, demand patterns, and industry performance grounded in HIRI's most recent studies. This webinar offers practical insights designed to inform strategic planning, support business decision-making, and identify growth opportunities in a shifting market landscape.