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The Home Improvement Research Institute Predicts Continued Growth for Home Improvement Products Market, with Ease in Consumer Spending Through 2026
Data from the recently released market update indicates a return to pre-pandemic market levels as inflation spikes and households complete home improvement projects Home Improvement Research Institute (HIRI) (PRNewsfoto/Home Improvement Research Institute (HIRI)) INDIANAPOLIS, April 28, 2022 /PRNewswire/ — The Home Improvement Research Institute, the nation’s leading resource for market research concerning the home and building products industry, has forecasted consumer spending on home improvement products will steady after two years of extreme demand following the COVID-19 pandemic. Rising inflation, reduced real household income and completed projects led HIRI to forecast that overall consumer market sales will increase by 2.8{d4d1dfc03659490934346f23c59135b993ced5bc8cc26281e129c43fe68630c9} in 2023 to $382.5 billion. This research was conducted in…
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The Home Improvement Research Institute Predicts Overall Home Improvement Product Sales to Continue Growth into 2025, with Uptick in Professional Market Growth
INDIANAPOLIS, Oct. 11, 2021 /PRNewswire/ — The Property Advancement Investigation Institute, the nation’s main resource for current market exploration relating to the dwelling and setting up solutions marketplace, has forecasted the complete U.S. making products and solutions market to continue on developing on exponential progress found in 2020 and 2021. The full current market will mature by an supplemental 2.9{d4d1dfc03659490934346f23c59135b993ced5bc8cc26281e129c43fe68630c9} from 2023 by way of 2025, with the customer current market escalating by 2.3{d4d1dfc03659490934346f23c59135b993ced5bc8cc26281e129c43fe68630c9} and the skilled marketplace developing by 4.6{d4d1dfc03659490934346f23c59135b993ced5bc8cc26281e129c43fe68630c9}. This exploration was carried out in partnership with IHS Markit and released to HIRI members at the conclusion of Q3 in the biannual Residence Enhancement Items Market Forecast. “The household…
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The Home Improvement Research Institute Predicts Overall Home Improvement Product Sales to Continue Growth into 2025, with Uptick in Professional Market Growth | State
INDIANAPOLIS, Oct. 11, 2021 /PRNewswire/ — The Residence Improvement Analysis Institute, the nation’s main resource for sector exploration about the house and developing solutions field, has forecasted the complete U.S. developing merchandise current market to continue setting up on exponential progress found in 2020 and 2021. The full market will grow by an further 2.9{d4d1dfc03659490934346f23c59135b993ced5bc8cc26281e129c43fe68630c9} from 2023 via 2025, with the shopper sector developing by 2.3{d4d1dfc03659490934346f23c59135b993ced5bc8cc26281e129c43fe68630c9} and the professional market expanding by 4.6{d4d1dfc03659490934346f23c59135b993ced5bc8cc26281e129c43fe68630c9}. This research was performed in partnership with IHS Markit and introduced to HIRI users at the conclusion of Q3 in the biannual Residence Advancement Products and solutions Industry Forecast. “The residence advancement market experienced explosive progress during the…
