Have you benchmarked your business? The deadline to participate in the 2021 Cost of Doing Business Study is Wednesday, June 30. For more than a century, NHPA has collected information from independent home improvement retailers for the study. Each year, …
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Tracking the Latest Home Renovation Trends
New data from home renovation and design platform Houzz is revealing what homeowners want from their residential renovations. Featuring insight from more than 75,000 Houzz users, including nearly 37,000 U.S. homeowners, the 2021 Renovation Trends report can help you market …
Read More »NRF Projects 2021 Retail Sales to Top $4.4T
The National Retail Federation (NRF) is upwardly revising its estimate on how much consumers will spend across retail sectors in 2021. The organization’s new estimate now stands at $4.4 trillion, and the NRF expects sales to grow between 10.5 and …
Read More »3 Takeaways From the May Jobs Report
According to the U.S. Bureau of Labor Statistics, the economy added 559,000 jobs in May, reducing the national unemployment rate to 5.8 percent. Notable job gains happened in public and private education, hospitality and health care. Take a deeper dive …
Read More »Home Builders Report Sharp Increase in Building Material Prices
Even as home builders report shortages of building materials and products, new research from the National Association of Home Builders (NAHB) suggests pros are also seeing sharp increases in product prices. In the latest version of the NAHB and Wells …
Read More »Home Improvement Momentum Continues in May
After a year of record sales and renewed interest in the home improvement channel, take a moment to review some of the latest industry data to better understand your DIY and pro customers. The Farnsworth Group has released new research …
Read More »Benchmark Your Business With the Cost of Doing Business Study
The North American Hardware and Paint Association (NHPA) is now inviting hardware stores, home centers, lumberyards and paint and decorating retailers in the U.S. to participate in the 2021 Cost of Doing Business Study. For more than 100 years, NHPA …
Read More »Understanding New DIY Shopping Preferences
Building materials marketing firm Venveo and market research firm The Farnsworth Group are releasing new data highlighting how DIY purchase behaviors have changed in the past year. After surveying nearly 1,000 DIYers, the insight into DIY purchasing and shopping preferences …
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