It’s no secret that building materials are in short supply and the price of lumber and other supplies has increased significantly. In May 2021, the National Association of Home Builders (NAHB) surveyed builders in its annual Housing Market Index. Builders …
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How COVID-19 Affected June Home Improvement
Market research firms The Farnsworth Group and the Home Improvement Research Institute have released their final COVID-19 tracker report, highlighting the many ways in which the pandemic has affected home improvement DIYers and pros. Take a look at the latest …
Read More »3 Reasons Why You Should Participate in the Cost of Doing Business Study
The deadline for the North American Hardware and Paint Association (NHPA)’s 2021 Cost of Doing Business Study has been extended to July 15. The study is the only inclusive industry benchmarking study—giving you a complete analysis of how your business …
Read More »Home Builders Report Sharp Uptick in Product 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 »Participate in the 2021 Cost of Doing Business Study by June 30
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, …
Read More »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 …
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