Infographic Changes in Homeowners Planned Home Improvement Project Spend for Q2 of 2023

Changes in Homeowners' Planned Home Improvement Project Spend for Q2 of 2023 [INFOGRAPHIC]

Jun 13, 2023

Home improvement continue to be top of mind for homeowners, but financial pressures are influencing how they are prioritizing which projects to complete, and how much to spend on each project in 2023.

May 2023 data from HIRI's Home Improvement Quarterly Project Tracker and Homeowner Home Improvement Monthly Tracker tell the story of which kinds of projects are shrinking and expanding in importance to homeowners.

Here's what homeowners are reporting:

Home improve­ment con­tin­ue to be top of mind for home­own­ers, but finan­cial pres­sures are influ­enc­ing how they are pri­or­i­tiz­ing which projects to com­plete, and how much to spend on each project in 2023.

May 2023 data from HIR­I’s Home Improve­ment Quar­ter­ly Project Track­er and Home­own­er Home Improve­ment Month­ly Track­er tell the sto­ry of which kinds of projects are shrink­ing and expand­ing in impor­tance to homeowners. 

Here’s what home­own­ers are reporting:

Changes in Homeowners' Planned Home Improvement Project Spend

Down­load the PDF Ver­sion of this Infographic

Mem­bers have access to the full reports and raw data sets used to com­pile the infor­ma­tion in this info­graph­ic includ­ing the

  1. Home­own­er Home Improve­ment Month­ly Track­er (as of May 2023)
  2. Home Improve­ment Quar­ter­ly Project Track­er (as of May 2023)

HIRI mem­bers gain access to the raw data behind info­graph­ics like this one, to slice-and-dice the raw data to suit the needs of their own cus­tomer insights teams and answer cross-depart­­men­­tal ques­tions about how to take home improve­ment prod­ucts to market.

Join the ranks of the top man­u­fac­tur­ers and retail­ers in the home improve­ment space. Book your mem­ber­ship con­sul­ta­tion to learn more about what kinds of mem­ber-exclu­­sive infor­ma­tion your team would have access to.

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