The Home Improvement Research Institute (HIRI) partnered with IHS Markit to develop the Canadian Size of the Market Estimates & Forecasts study focused on highlighting the country’s economic outlook and its effect on the home improvement products market.
Want valuable DIY and pro insights for your business? Based on data from three proprietary Home Improvement Research Institute (HIRI) studies, the Trends in DIY and Pro Home Improvement report may be exactly what you need.
The two most recent contractor topic studies covered the effects of tariffs and the tax act in the fourth quarter of 2018 and a construction industry labor shortage in the first quarter of 2019.
Consumer home improvement product sales represent two-thirds of a rapidly growing overall market. Professional home improvement products sales — which make up just under a third of the overall market — have also experienced significant growth but are expected to slow in 2019.
Total home improvement products sales are expected to increase 5.5% in 2018 to $420 billion in total sales.
How prevalent is homeownership from generation to generation? Will this be the year millennials close the gap? What are the biggest motivators for home improvement projects?
