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October 27, 2014

Pending home sales rose slightly in September and are now above year-over-year levels for the first time in 11 months, according to the National Association of Realtors.

The Pending Home Sales Index, a forward-looking indicator based on contract signings, inched  0.3% to 105.0 in September from 104.7 in August, and is now 1.0% higher than September 2013 (104.0). The index is above 100 for the fifth consecutive month and is at the second-highest level since last September.

October 24, 2014

Sales of single-family homes increased in September -- but only slightly, and only after downward revisions of the August numbers.

The U.S. Department of Commerce data released Friday showed new residential sales at a seasonally adjusted annual rate of 467,000, up 0.2% from the revised August rate of 466,000. 

On the positive side of the report, the September rate is up 17.0% compared to the September 2013 figure of 399,000.

Stern Agee Chief Economist Lindsey Page said the figures render the momentum in August illusory. 

October 19, 2014

 

Chicago Sure, millennials arent buying as many houses as the youngsters of previous decades. But there are plenty of other trends in home improvement that bode well for forward-thinking companies.

October 8, 2014

The big-box home improvement retailers are beginning to make room for holiday merchandise.

And as they make the transition, and independents follow the path to Christmas lights and lawn ornaments, The National Retail Federation served a bit of holiday cheer in early October.

September 24, 2014

Steadily improving economic fundamentals should moderately boost holiday sales in the stores and online this year, according to Deloitte’s annual retail holiday sales forecast.

September 17, 2014

Friday marks the fourth annual National Tradesmen Day, the brainchild of IRWIN Tools to celebrate the contributions of trade professionals and encourage young men and women to take up skilled trade jobs.

In addition to honoring skilled workers, National Tradesmen Day raises awareness of the national shortage of tradesmen, according to Irwin.

September 2, 2014

America’s older population is in the midst of unprecedented growth, but the country is not prepared to meet the housing needs of this aging group, concludes a new report released today by the Harvard Joint Center for Housing Studies and AARP Foundation. According to Housing America’s Older Adults—Meeting the Needs of An Aging Population, the number of adults in the U.S. aged 50 and over is expected to grow to 132 million by 2030, an increase of more than 70 percent since 2000.

September 2, 2014

The Home Improvement Research Institute announced the hiring of Pam Heidel as research analyst based in HIRI’s Tampa office. 

Heidel is a former president of the board of the non-profit HIRI. Also, from 2007 to 2014, she was employed by Generac Power Systems, most recently as marketing director – digital and consumer insights. 

Heidel also worked as marketing planning manager for Broan-NuTone from 2000 through 2007.

August 13, 2014

The Window and Door Manufacturers Association's (2015) recently released Window and Entry Door 2014 U.S. Market Study shows continued growth for the residential window market through 2015. 

The study, prepared, researched and analyzed by Metrostudy and the Virginia Center for Housing Research at Virginia Tech, forecasts overall residential window market growth of 9.1% for 2014 and 8.3% for 2015. This follows market growth of 10% in 2013.  

August 8, 2014

The latest update from the Home Improvement Research Institute on consumer spending patterns shows homeowners are planning 3.4% more projects around the house than they were planning a year ago.

The stat reflects total projects planned per 100 homeowners, which increased from 314 to 328.

The year-over-year increase in project planning follows three consecutive quarters of declines of the metric. 

July 21, 2014

San Jose, California-based Realtor.com reports that 67% of visitors to the real estate web site plan home renovations within the next six months. 

That finding is the result of the web site's Home Improvement Survey, in which more than 1,500 consumers participated from May 19 to May 29. 

The survey results, released July 17, include the following.

Most popular reasons for planned home improvements:

July 15, 2014

Recently released data from the U.S. Census Bureau’s 2012 Economic census shows that the value of household appliance manufacturing shipments dropped 10.8% to $4.3 billion, down from nearly $5 billion in 2007.

The drop in shipping value comes along with other decreases in the industry — including a decrease in the number of people it employed in 2007.

June 27, 2014

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May 16, 2014

Three little words can have huge emotional power. Case in point: “Made in America.”

When one objectively surveys the Made-in-USA landscape, one sees American manufacturers eager to promote their products as “Made in USA” for the clear emotional pull of those words. On the other end, one sees American consumers predisposed to support the idea of Made in America, because, after all, it’s their country.

April 22, 2014

A harsh winter is the likely culprit for a decline in a popular measure of the remodeling market.

The National Association of the Remodeling Industry’s first-quarter 2014 Remodeling Business Pulse data of current and future remodeling business conditions show current condition ratings fell significantly in March.

April 10, 2014

Orlando, Fla. -- Here at the 2014 Home Improvement Research Institute (HIRI) Spring Conference, Sarah Catlett, VP of The Futures Company, took a high-level, continental look at consumer marketing.

Catlett kicked off the HIRI conference with a quick look at Target's disappointing venture into Canada. The Minnesota-based retailer's efforts to change the way Canadians shop has fallen short, she said, partly because the company missed consumer and cultural cues. 

February 11, 2014
January 15, 2014

Market share and consumer behavior statistics from TraQline

 

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January 13, 2014

Friday was a good day for the stocks. Most were up and those in the red fell marginally, save for Sears, which declined by -13.77%.

December 27, 2013

HCN sister publication Retailing Today presents the 2014 Walmart Supplier Survey, in which Walmart's trading partners weigh in on working with the world's first $500 billion retailer.

Stories in this special digital edition include:

December 12, 2013

Adjusted November retail sales for "Building material & garden equipment and supplies dealers" (NAICS code 444) increased 1.8% compared with last month and increased 5.3% compared with November 2012, according to the Advance Monthly Retail Trade Survey from the Census Bureau, released Thursday.

November 4, 2013

Chain Store Age spotlights the winners of its 31st annual Retail Store of the Year design competition, which attracted entries from around the globe.

Chain Store Age spotlights the winners of its 31st annual Retail Store of the Year design competition, which attracted entries from around the globe. Simons, a leading Canadian department store retailer, was awarded top honors. Its 118,000-sq.-ft. store in Edmonton, Alberta, was named Store of the Year.

Click here for the report.

October 28, 2013

A report from the Remodeling Futures Program at the Joint Center for Housing Studies of Harvard University, issued last week, predicts a slowdown for the recovering home improvement market in mid-2014.

October 17, 2013

Chicago -- The difficult task of looking into the future from the vantage point of a Wall Street investor -- and sharing that view with home improvement researchers -- fell upon Joshua Rosenbaum, of UBS.

And the key to the future, he said, is jobs.

October 2, 2013

A survey from the Schaumburg, Ill.-based American Hardware Manufacturers Association (AHMA) found most members see sales higher than a year ago.

In comparing current sales levels to year-ago levels, 75% of respondents said sales were higher in September versus year-ago levels, according to the AHMA’s monthly survey. 

In August, 77% of respondents said sales were trending higher.