Home Improvement Research Institute (HIRI)

HIRI research predicts that from 2025 to 2028, home­own­ers will be forced to pri­or­i­tize home improve­ment projects as avail­able sources of fund­ing are more con­strained. Suppliers and retailers should take note of the hand­ful of mer­chan­dise lines that show the most promise for growth during this time. For a deeper look at the current trends driving these projects and material selection, HIRI members can take a look at the full Top 5 Growing Home Improvement Merchandise Lines Among Consumers infographic: https://hubs.la/Q02FKljp0 #HomeImprovement #Renovations #BuildingMaterials #Retailers

New Market Research Available! 🌱 Homeowner Trends in Energy Efficiency, Smart Home and Sustainability 🌱 HIRI recent­ly sur­veyed over 8,000 home­own­ers to help you understand: - How famil­iar are home­own­ers with ener­gy effi­cien­cy, smart home tech­nolo­gies and sus­tain­abil­i­ty prac­tices? - What moti­vates and dri­ves home­own­er inter­est in adopting home improvements in these areas? - How are con­cerns about cli­mate change influ­encing their deci­sion-mak­ing process? HIRI members can access the full report here: https://hubs.la/Q02FKkCs0 #HomeImprovement #Sustainability #SmartHome #EnergyEfficiency

HIRI's Executive Director Dave King spoke with Melanie Moul from the North American Hardware and Paint Association about how the home improvement industry fared in Q4 2023 and what’s to come in 2024. Give it a listen here: https://hubs.la/Q02y9PQz0 #HomeImprovement #PodcastAppearance #EconomicPerformance #MarketAnalysis

This year's HIRI Summit will dive deep into the future of home improvement and the data behind it. Here's your friendly reminder to register by June 30th for the best price! You won't want to miss being in the same room with these top minds in our industry: 💡 Soft Landing for the Fed, but Nice Runway for Housing 👤 Eric Lynch, National Association of Home Builders 💡Not in Kansas Anymore: The Shifting Home Improvement Market 2025+ 👤 Todd Zomalak, Zonda 💡 From the Front Lines: The Pro's Perspective Panel 👥 Bruce Case, Case Architects & Remodelers, David Pollard, Liv Companies LLC and Jennifer Castenson, Buildxact 💡 Consumer Insights: Power Shift 👤 Sara Gutterman, Green Builder Media, LLC 💡 From Inspiration and Research to Purchase and Loyalty – What Trends Are We Seeing from Today’s Omnichannel Home Improvement Shoppers? 👥 Shea Browning and Josh Banfield, Google 💡 Consumer Demand for Energy Savings 👤 Genevieve Becker, Thumbtack 💡 Stylish Trends to Timeless Designs: A Decade of Data on Home Remodeling with Houzz 👤 Liza Hausman, Houzz 💡 Core Drivers of Home Improvement Spending and Regional Variations 👤 Abbe Will, Harvard Joint Center for Housing Studies 💡 How AI Will – and Won’t – Affect the Home Improvement Industry 👤 Lynne Thomson, Microsoft 💡 How the Pro is Evolving (Their Attitudes and Preferences Impacting Behaviors) 👤 Grant Farnsworth, The Farnsworth Group 💡 How Smart Home Technology is Changing the Home Improvement Landscape 👤 Elizabeth Parks, Parks Associates 💡 Channel and Brand Loyalty Among DIY and Pro Customers 👤 Leigh E. Wildman, Lowe's Companies, Inc. View the full two-day agenda here: https://hubs.la/Q02BQrjz0 #HIRISummit2024

Join us LIVE as Jennifer Castenson and Dave King explore how manufacturers and suppliers are evolving to address remodelers' needs, how homeowner expectations are changing and where and how remodelers can expect growth in the coming years.

Stay on top of current industry trends with these two upcoming broadcasts: ⭐ June 18 at 11am ET | LinkedIn Live Hosted by Buildxact Don't miss this informative conversation about trends impacting the remodeling industry. Jennifer Castenson and Dave King will explore how manufacturers and suppliers are evolving to address remodelers' needs, how homeowner expectations are changing and where and how remodelers can expect growth in the coming years. Be sure to mark your calendar to tune in from the Buildxact LinkedIn account page on Tuesday, June 18 at 11 AM ET. ⭐ June 27 at 11am ET | Webinar Hosted by HIRI The past cou­ple of years, spend­ing on home improve­ment has eased off from the peak lev­els observed dur­ing the pandemic. Amidst high inter­est rates and infla­tion, home­own­ers are exer­cis­ing more cau­tion regard­ing their expen­di­tures on home improve­ment projects. Nonethe­less, ren­o­va­tion endeav­ors persist. Join us for HIRI’s webi­nar to hear Scott Hazel­ton from S&P Global Market Intelligence dis­cuss what’s in store for the Home Improve­ment mar­ket in 2024 and beyond. Simply sign up here: https://hubs.la/Q02BQrkx0

Is there a difference in behavior among male and female DIYers when it comes to home improvement? New HIRI research suggests that female DIYers access and engage with projects differently than their male counterparts. For example, female DIYers more often report undertaking projects out of necessity than for enrichment or leisure. Given their specific needs, there is considerable potential for organizations to enhance engagement with female DIYers. Learn more about what makes female DIYers unique in HIRI's Do-It-Herself report: https://hubs.la/Q02zkmz70 #DIY #DIYers #HomeImprovement #Renovation #Remodel

HIRI members can now access the May 2024 update of our U.S. Size of the Home Improvement Market report. Amidst high inter­est rates and infla­tion, home­own­ers are exer­cis­ing more cau­tion regard­ing their expen­di­tures on home improve­ment projects. Nonethe­less, ren­o­va­tion endeav­ors persist. HIRI will also host Scott Hazel­ton from S&P Mar­ket Intel­li­gence on June 27th to dis­cuss what’s in store for the Home Improve­ment mar­ket in 2024 and beyond. Register for this webinar at https://lnkd.in/gsFSyVdF

Upcoming LinkedIn Live: HIRI's Executive Director Dave King will join Jennifer Castenson of Buildxact for a live discussion on current trends in home improvement. Tune in to learn what we know about the state of the remodeling industry, forecasted areas of growth, and tools and technologies available to help professionals adapt to changing expectations. Tune in on LinkedIn on Tuesday, June 18 at 11 a.m. EST. #homeimprovement #remodeling #remodelingtrends

Have you heard about HIRI's new Strategic Partner Program? This program is designed to better support our members in securing even more insightful home improvement industry research at scale. At HIRI, we believe in the pow­er of col­lab­o­ra­tion and the strength that diverse per­spec­tives bring to our mem­ber base. As we con­tin­ue our mis­sion to deliv­er insights on the home improve­ment industry, the Strate­gic Part­ner Pro­gram is designed to fos­ter the spir­it of col­lab­o­ra­tion across orga­ni­za­tions to the ben­e­fit of HIRI members. We'd like to thank our first Strategic Partners, Brunner, Datavations and YipitData, for supporting the mission of HIRI. Think you'd make a great Strategic Partner for HIRI too? Learn more and book a consultation: https://hubs.la/Q02wztqr0 #homeimprovementindustry #strategicpartnership #buildingproducts