![]() ![]() #HIRI WINDOW PROFESSIONAL#Top growing merchandise lines for professionalsĬompound annual growth rate for the professional market between 2021-2025: HIRI’s Home Improvement Products Market Forecast further breaks down this growth by segmented merchandise line and location. “While the boom cannot last forever, a continuing strong economy suggests spending by contractors will actually improve year-over-year as households feel more comfortable with contractors in their home.” All have boosted consumer confidence and the housing market in particular,” says Scott Hazelton, IHS Markit managing director. ![]() “The strong home improvement outlook provided by pandemic behavior has been given new life by this year’s improved employment gains, increased access to vaccinations and additional stimulus measures. This means demand for certain products will continue to increase in areas where contractor-led projects are high. However, growth will continue further in the professional products market as COVID-19 restrictions ease and projects once on hold resume. These findings indicate a curtailment of DIY growth as an overall share of home improvement product sales in 2022, as many homeowners completed planned projects throughout this year and the last. In 2022, the total building products market is forecasted to grow by an additional 2.3 percent, with the consumer market growing by 0.2 percent and the professional market growing by 7.1 percent. For example, in the Compose window, the Subject box is. In the short term, the forecast predicts the total building products market to grow by 13 percent in 2021, with the consumer market growing by 10.8 percent and the professional market growing by 18.2 percent. Hiri is focused on saving you time and improving your productivity, and includes lots of clever design features to help you break bad habits. “We are glad to now provide the home and building industry some insight into what they can expect as we continue to navigate a post-pandemic world.” ![]() “The home improvement industry had explosive growth during the coronavirus pandemic due primarily to DIY projects, but that may now be driven by pros,” says Matthew Craig, HIRI research director. This research was conducted in partnership with IHS Markit and released to HIRI members at the end of Q3 in the biannual Home Improvement Products Market Forecast. The total market will grow by an additional 2.9 percent from 2023 through 2025, with the consumer market growing by 2.3 percent and the professional market growing by 4.6 percent. building products market to continue building on exponential growth seen in 20. The Home Improvement Research Institute has forecasted the total U.S. ![]()
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