Summertime in North America is traditionally a season of momentum for the home improvement industry. Construction crews take advantage of warm weather to build new homes and offices. Families spend more time outdoors, discovering small projects—a doorknob to replace, pavers …
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Monitoring the Market: June 2020
Monitoring market trends in consumer sentiment, home improvement rates and construction figures can help you anticipate emerging opportunities for your business. Use the tables below to get a deeper understanding of a few of the forces affecting independent home improvement. …
Read More »U.S. Retail Sales Climb 17% in May
Retail sales in the U.S. grew by a seasonally adjusted rate of 17.7 percent in May over April, new data from the U.S. Commerce Department shows. The increase sets a new record for monthly retail growth. Sales at building materials …
Read More »New Data Charts DIYers’ Home Improvement Projects
Since March, The Farnsworth Group and the Home Improvement Research Institute (HIRI) have collected data on DIYers’ and contractors’ home improvement sentiments during COVID-19. The complete report for the organizations’ Weekly COVID-19 Tracker reveals home improvement is on the minds …
Read More »U.S. Unemployment Rate Falls to 13.3% in May
The Bureau of Labor Statistics (BLS) released a report Friday showing the U.S. economy gained 2.5 million jobs in May, bringing the U.S. unemployment rate to 13.3 percent for the month, lower than April’s unemployment rate of 14.7 percent. Friday’s …
Read More »WATCH: Uncover the $100,000 Difference for Your Business
More than ever, understanding your business’s financial health from every angle is vital. For more than a century, home improvement operators have counted on the annual Cost of Doing Business Study to discover every facet of their operation’s finances. The …
Read More »Canadian Headlines for Retailers: May 25
Hardlines is keeping Canadian retailers informed on the ways COVID-19 is impacting their home improvement stores. Check back each week for an update on the latest headlines affecting home improvement retail in Canada. Canadian Retail Sees Record Decline as Online Sales …
Read More »Participate in the 2020 Cost of Doing Business Study
The North American Retail Hardware Association (NRHA) is now collecting information from independent U.S. hardware stores, home improvement centers and lumberyards for the 2020 Cost of Doing Business Study. The Cost of Doing Business Study is an annual overview of …
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