Home Improvement Market Trends

The best business opportunities are those that capitalize on market trends that incorporate strong economic growth.  House Hound's value proposition is supported by continued strong growth in the home improvement industry.

Unlike other economic sectors, the home improvement industry has continued to out pace all others as the age of "Do-it-Yourselfers" makes way for the new generation of "Do-it-For-Me" homeowners. 

  

Home Improvement Products Market to Reach $828 Billion Worldwide 
by 2010 According to New Report by Global Industry Analysts, Inc.

"The United States represents the largest market for home improvement and remodeling products, accounting for 34% of total global demand in 2008."
                                                                                        - Global Industry Analysts, Inc.

 

  HIRI Says U.S. Home Improvement Industry Thriving Despite Housing Slowdown

 

2005

2006

2007

2008

2009

2010

Billion
Dollars

286.9

312.1

319.0

334.4

350.7

369.5


Change

9.2

8.8

2.2

4.8

4.9

5.4

"According to the HIRI, the long-term outlook for the U.S. home improvement products market remains strong.  Total market growth in 2008-2010 is projected to average 5.0% per year in constant dollars - continuing to out pace the rate of overall economic growth."                                                                                          

                                                                                             - Home Improvement Research Institute (HIRI)

 

Bank of America Survey Finds Increasing Home Value as 
Top Motivator for Home Improvement Projects

"According to a national survey conducted for Bank of America by MARC Research, 60 percent of homeowners believe that putting more effort and resources toward home improvement is the best way to increase home value."

                                                                                      - Bank of America, MARC Research


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"Reading House Hound Magazine puts you in a Home Improvement State of Mind."     

- Cagney  

House Hound Publishers, Inc. 
55 New Orleans Road,  Suite 205
PO Box 8071
Hilton Head, SC  29938