NPD Group: Home Improvement Shows Signs of Recovery
August 6, 2010,
PORT WASHINGTON, N.Y.--The NPD Group said home improvement market categories saw an overall dollar increase of four percent in the12 months ending in June, compared to the same time last year.
Warehouse home centers were up two percent and hardware stores were up 21 percent in sales in the last 12 months. Home improvement categories such as garage storage/organization, kitchen/bathroom cabinets, vinyl tile, stain and interior paint generated the largest double-digit gains in retail dollar sales.
"While growth of new home improvement projects remain sluggish, due in large part to the overall weak housing market, we are seeing sign of growth in smaller, more repair-oriented projects," said Mark Delaney, director of the NPD Group's home division. "This is likely due to pent-up demand for repairs, bit is also indicative of consumers spending more time at home, wanting to make their most of their personal situations, and improving the look of their homes."