Consumer sentiment pushes upward
The latest monthly update from the Home Improvement Research Institute shows a planned home improvement project incidence of 50.4% among consumers in April. That's up 2.8% from the year-ago month and the second month in a row of year-over-year increases.
After a sharp drop in December, the first four months of planned project incidence have been mostly up, or very slightly down compared with last year, according to HIRI's Monthly Sentiment Tracking.
The estimated cost of planned home improvement projects in April increased 1% from a year ago to $493.
HIRI is the home improvement industry’s foremost source for original research. It is an independent, not-for-profit membership organization comprised of more than 80 leading companies.