Hardware Retailing The Industry's Source for Insights and Information
The Home Improvement Research Institute (HIRI) recently released the U.S. Size of the Home Improvement Products Market report for Q2 2026, detailing the total market size of the home improvement products market in the U.S. and forecasted likely spending over the next five years.
The report found home improvement repairs and renovations continue to drive home improvement spending, which remains at near record levels even amid slow housing turnover. Larger-scale remodels are taking the back seat in 2026, while around 80% of homeowners are planning future maintenance projects.
Home-buying sentiment remains low as first-time buyer activity dropped to historic lows during the quarter. According to HIRI, 73% of homeowners feel right now is a bad time to buy a new house, causing fewer people to move and more homeowners to reinvest in their existing homes.
Spending on home improvement projects is driven by disposable income, not consumer sentiment, the report found, making homeowners’ financial capacity a more reliable predictor than consumer confidence.
To read the full report and learn more, become a member of HIRI here.
