Industry Analysis & Industry Trends
Home improvement stores are starting to recover as consumers invest in renovations and remodeling again. Improvements in consumer sentiment, disposable incomes and housing markets have boosted purchases of industry products, but intensifying price competition and the continued dominance of the industry's top players keep profit down. In addition, the do-it-for-me market offers an opportunity for growth, particularly for operators that provide additional services, like installation... purchase to read more
Industry Report - Industry Analysis Chapter
America's home renovation market is in a state of repair. Following years of high growth, the Home Improvement Stores industry's growth slowed significantly during the early part of the past five-year period. Demand for home improvement products was severely affected by the drop in consumer sentiment following the housing market collapse. Increased demand has helped the industry regain momentum since 2010, though, causing revenue to grow at an annualized rate of 2.6% in the five years to 2014, to $153.8 billion.
Homeownership rates significantly influence industry demand: the more people who own homes, the more consumers there are who need supplies for repairs and renovations... purchase to read more