INFOGRAPHIC: Size of Market Update

In May 2020, the Home Improvement Research Institute (HIRI) partnered with IHS Markit to provide a Size of Market forecast update. Here are a couple of highlights

  • Like nearly every aspect of the US economy, home improvement product purchases have had a significant downturn in the tail end of the first quarter and all throughout the second quarter. A few silver-linings: home improvement has not been hit as hard as other industries.

  • While sales have dropped in recent months, demand still remains high with inventory being a choking point.

To learn more about the forecast update, download this free infographic detailing results from the HIRI May 2020 Size of Market Study Update.
 

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