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Where does home improvement fall under in terms of industries

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Stores in this industry sell a range of home repair and maintenance goods, such as hardware, tools, electrical goods, lumber and structural material for construction and renovations.

What type of construction is a remodel?

Remodeling is defined as altering a structure, whether this alteration is exterior or interior, from the original construction. Some examples of remodeling are, but are not limited to: Completely transforming the structure and/or style of any space, home, or building.

How big is the home improvement retail industry?

The market size, measured by revenue, of the Home Improvement Stores industry was $260.5bn in 2022. What was the growth rate of the Home Improvement Stores industry in the US in 2022? The market size of the Home Improvement Stores industry declined -0.2% in 2022.

Is home improvement a growing industry?

Home improvement sales in the U.S. still growing

While the rate of home improvement activity is expected to slow, individuals and investors will continue to allocate funds into home repairs, updates, and remodeling. The industry raked in about $538 billion in 2021.

How big is the remodeling industry?

Questions Clients Ask About This Industry

The market size, measured by revenue, of the Remodeling industry was $109.6bn in 2022. What was the growth rate of the Remodeling industry in the US in 2022? The market size of the Remodeling industry declined -11.3% in 2022.

What industry is home improvement?

This industry encompasses the sale of building materials, appliances, décor, and other home enhancements, along with the services offered by contractors, tradespeople, and other workers who help to build, install, modify, and upgrade homes.

What industry does home services fall under?

The home service industry is a broad term that refers to a variety of businesses that provide services to homeowners and businesses. These businesses can include home improvement stores, home repair companies, landscaping businesses, and more.

Frequently Asked Questions

How big is the home improvement industry in the US?

The market size, measured by revenue, of the Home Improvement Stores industry was $260.5bn in 2022. What was the growth rate of the Home Improvement Stores industry in the US in 2022? The market size of the Home Improvement Stores industry declined -0.2% in 2022.

What industry is home renovation

This industry encompasses the sale of building materials, appliances, décor, and other home enhancements, along with the services offered by contractors, 

FAQ

What is the outlook for the home renovation industry?

Rising labor costs and continuing supply chain issues plague the home improvement industry. Per JCHS, home improvement revenues peaked in the third quarter of 2022 and will start decreasing in 2023. JCHS is still optimistic about some revenue growth, projecting a market increase to $485 billion by the end of 2023.

Where does home improvement fall under in terms of industries

Mar 12, 2023 — Home Depot, Lowe's Home Improvement, and Ferguson are the three largest home improvement companies in the U.S. by revenue. Here is the breakdown 

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