Residential construction and design businesses are reporting confidence for home renovation activity in the second quarter of the year, according to online design platform Houzz. The company’s second-quarter Houzz Barometer tracks residential renovation market expectations, project backlogs and recent activity …
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Pro and DIY Sentiments Remain Strong Ahead of Spring Sales
COVID-19 continues to have an enormous influence on the home improvement industry, affecting DIYers and professionals in unique ways. As part of its continuing COVID-19 Home Improvement Tracker, research firms The Farnsworth Group and the Home Improvement Research Institute (HIRI) …
Read More »Analyzing Pro Home Improvement Activity
Market research firms The Farnsworth Group and the Home Improvement Research Institute (HIRI) are tracking pro and DIY project activity as COVID-19 continues to impact the home improvement market. In the latest update focused on pros, the organizations explore how …
Read More »Analyzing 2021 Retail Sales Potential
The National Retail Federation (NRF) is evaluating how retail sales may perform in 2021 after 2020 saw both strong sales for some retail sectors and stalled activity in others. Overall, NRF says there are many economic indicators that point toward …
Read More »Tracking DIY Home Improvement Activity in 2021
Market research firms The Farnsworth Group and the Home Improvement Research Institute (HIRI) are tracking pro and DIY project activity as COVID-19 continues to impact the home improvement market. In the latest update focused on DIYers, new data reveals exactly …
Read More »Inside Big Boxes’ Fiscal Year 2020 Sales Results
2020 was a year of sales momentum for the home improvement market. As COVID-19 forced millions of people across the world to stay at home, they begin to see new potential for their living spaces and finally had the time …
Read More »Lowe’s Reports $89B in 2020 Sales
Home improvement chain Lowe’s has announced its fourth-quarter and fiscal year 2020 financial results, revealing more than $89 billion in sales throughout a year marked by strong DIY spending. In total, Lowe’s reports fourth-quarter net sales of $20.3 billion, up …
Read More »Ace Hardware Reports Record Sales, Revenue in 2020
Ace Hardware Corp. has reported its fourth-quarter and fiscal year 2020 financial results, confirming a record-breaking year for the home improvement retailer. For the fourth quarter, Ace reported revenues of $2.1 billion, a 39 percent increase from the same period …
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