WEBINAR: Understanding The Skilled Labor Shortage and Financial Outlook for Contractors
Skilled labor shortages have been a concerning issue for new residential construction and remodeling for several years.
The Home Improvement Research Institute surveyed more than 550 contractors during the 2nd Quarter of 2023 to understand:
- How the skilled labor shortage is impacting their business
- Pros’ assessment of current economic conditions and how that translates into their company’s financial outlook
- Whether or not tax credits and rebates from the Inflation Reduction Act affected contractor lead volume, and to what degree that may impact contractor’s future sales pipelines.
See the recording to hear Dave King, HIRI’s Executive Director, discuss the findings of this research.
Download the recently released Contractor Topic Study covering the skilled labor shortage and financial outlook for contractors.
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The Home Improvement Research Institute (HIRI) is also a powerful resource of research, as well as courses, webinars, and events related to the home improvement industry. HIRI hosts a free quarterly webinar, "State of the Home Improvement Industry," exploring rends, insights, and forecasts. HIRI also will host other webinars on various topics that are timely and relevant to home improvement professionals. Additionally, the annual HIRI Home Improvement Summit brings together manufacturers, retailers, partners and others from the home improvement industry for presentations, panel discussions, and more.
There are several other industry organizations that offer occasional courses and webinars to help you stay on top of the latest trends in home improvement. These include the National Association of Home Builders (NAHB), the National Association of Realtors (NAR), and the National Kitchen + Bath Association (NKBA).
The Home Improvement Research Institute (HIRI) also offers data-rich research that highlights various economic factors and how they are impacting the home improvement industry. A few examples include HIRI's monthly Economic and Industry Update and quarterly U.S. Size of the Home Improvement Products Market Report and Forecast. For a more educational experience, check out HIRI's webinars, where researchers and experts walk through the data, point out significant statistics, and provide insight on how these economic trends impact the industry.
You can also find an array of educational materials that focus on the economic factors affecting home improvement from the Harvard Joint Center for Housing Studies, the National Association of Home Builders (NAHB), and other industry associations.
The Home Improvement Research Institute (HIRI) offers numerous webinars to educate home improvement professionals on various research topics related to projects, products, channels, and market trends.
Some of these webinars are free, such as HIRI's State of the Home Improvement Industry webinar, which delivers a timely look at the market forces shaping homeowner behavior, demand patterns, and industry performance grounded in HIRI’s trusted research.
Others are exclusive to HIRI members, giving them additional insight into market trends and statistics, as members of HIRI's research team dig deeper into the organization's recent studies and explain what the data means for industry professionals.
Additionally, HIRI offers an annual in-person Home Improvement Insights Summit, which is an opportunity to meet and network with representatives from the leading brands, partners, and experts in the home improvement industry.
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