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HIRI Fast Facts: Consumer Spending

HIRI Fast Facts

The Home Improvement Research Institute (HIRI) U.S. Size of the Home Improvement Market Report is a monthly benchmark for how the industry is faring. See four fast facts from the study: Consumer Spending Drives the Market The home improvement market …

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Overall Housing Starts Down in May

May housing starts

According to the U.S. Department of Housing and Urban Development and the U.S. Census Bureau, overall housing starts in May decreased 9.8% to a seasonally adjusted annual rate of 1.26 million units. Single-family starts increased 0.4% to a 924,000 seasonally …

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CNRG Names New President

Craig Cowart

Central Network Retail Group (CNRG)—a wholly owned subsidiary of Orgill, comprised of 143 stores and 18 brands in 16 states—announced that Craig Cowart has been promoted to the role of company president. Cowart had been serving as chief operating officer …

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Home Depot Announces Northernmost Store in Canada

Home Depot Canada

The Home Depot Canada recently announced the opening of their newest store location in Fort McMurray, Alberta, opening in the spring of 2026. The store will be Home Depot Canada’s 28th store in Alberta and its northernmost store in the …

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Retail Sales Continue to Grow in May

May retail sales

Retail sales in May continued to grow despite a slowdown on stocking up ahead of tariffs, according to the CNBC/National Retail Federation’s (NRF) Retail Monitor. “The data for May indicates that the pull-forward in consumer demand ahead of tariffs is …

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