by Lindsey Thompson | Oct 20, 2022 | Industry News, Operational Insights
The Home Improvement Research Institute (HIRI), the nation’s leading resource for market research concerning the home and building products industry, has forecasted the current national inflation bulge will lead to a deceleration in home improvement spending. Growth...
by Lindsey Thompson | Oct 4, 2022 | Operational Insights, Trends & Products
In what seems to be a common refrain for many types of products and services involved in home remodeling and renovation, the paint product market has been overwhelmed with strong demand and supply constraints in the previous year. Early in the pandemic, homeowners...
by Lindsey Thompson | Jul 6, 2022 | Trends & Products
The Home Improvement Research Institute is predicting a decrease in flooring sales this year, but retailers can prepare for the downturn by staying up to date on what’s trending and stocking the flooring that customers are most likely to purchase (click here). Darrin...
by Lindsey Thompson | Jul 6, 2022 | Industry News, Trends & Products
We at the Home Improvement Research Institute (HIRI) are routinely asked, “Where is the home improvement market headed?” The answer to this question has always been, “Well, it depends on which segment or category of the industry.” This question has become even more...
by Lindsey Thompson | Apr 5, 2022 | Operational Insights
According to the Home Improvement Research Institute (HIRI), 59.2% of customers shop at the same store for home improvement products regardless of what products they are shopping for, but 73.8% will buy a product at another store before waiting on stock to return. As...
