Top 5 home improvement industry trend…

1. Impact of higher interest rates: ...2. Lower moving rates: ...3. Increase in remote work: ...4. AI-powered home upgrades: ...5. Home improvement tax credit: ...

CouponFollow Extension

75%
OFF

Flooring Industry Trends 2024 - ConsumerAffairs

1 week from now

Jun 27, 2024 · In 2022, almost 75% of all homes in the U.S. were built prior to 2000, making it likely that more homeowners will invest in home improvement projects. Flooring industry …

consumeraffairs.com

9%
OFF

2024 Home Improvement Spend Outlook: Economic Uncertainty's …

1 week from now

Aug 7, 2023 · Existing home sales are projected to decline by 15.9% in 2023 and real disposable income to grow by 3.6%. We project Consumer Market sales to advance by 0.8% in 2024 to …

hiri.org

12%
OFF

Angi Releases Annual Report On 2024 Home Improvement Trends

1 week from now

Jan 11, 2024 · Homeowners who invested in home improvement did an average of 2.8 projects. Spending on home improvement increased 12%, but the average number of projects …

kbbonline.com

9%
OFF

Home Improvement Spending To Drop 5.9% By Q2 2024 - Forbes

1 week from now

Jan 4, 2024 · Key Takeaways Home renovation spending is expected to decrease from $486 billion to $457 billion in 2024. The main driving factors of this decrease include high and rising …

forbes.com

5%
OFF

Inflation’s Impact On Home Improvement Projects - Forbes

1 week from now

Oct 3, 2024 · According to the most recent Consumer Price Index from the U.S. Bureau of Labor Statistics, consumer prices across the economy increased by 7.5% in January 2022, in …

forbes.com

FAQs about Top 5 home improvement industry trend… Coupon?

How has the home improvement industry changed over the last year?

The home improvement industry has grown tremendously in the last few years, mainly due to the pandemic. The National Association of Realtors (NAR) reports that while professional home improvement projects dropped, do-it-yourself renovations soared. ...

Will home improvement projects decline in 2024?

In 2024, home improvement projects are expected to decline due to housing market issues, such as stalled home sales and mortgage refinancing. Rising labor costs and continuing supply chain issues plague the home improvement industry. Per JCHS, home improvement revenues peaked in the third quarter of 2022 and will start decreasing in 2024. ...

Is Hiri's home improvement size of market forecast positive?

While growth in the market slowed in 2023 compared to the boom of years prior, and retail sales were comparatively lower in January 2024 when compared year over year, HIRI ’s latest Home Improvement Size of Market forecast is positive. ...

Will home improvement revenue increase in 2024?

Per JCHS, home improvement revenues peaked in the third quarter of 2022 and will start decreasing in 2024. JCHS is still optimistic about some revenue growth, projecting a market increase to $485 billion by the end of 2024. Home improvement budgets have also increased over the last few years. ...

Is JCHS predicting a home improvement market growth in 2024?

JCHS is still optimistic about some revenue growth, projecting a market increase to $485 billion by the end of 2024. Home improvement budgets have also increased over the last few years. According to the 2022 U.S. Houzz and Home Study, homeowners’ median spending increased 20% from $15,000 in 2020 to $18,000 in 2021. ...