Home Improvement Research Institute (HIRI)’s Post

Unlock exclusive insights with the 2025 BHGRE® Trend Report! Discover the latest in home design and learn how these trends are shaping buying decisions. Gain a comprehensive understanding of homeowner behaviors, preferences, and expectations, and learn how to leverage these changes to drive your business forward. Don't miss this - Register now TheBetterRetreat.com!

Voice control is one of the most powerful technologies I have ever worked with. Josh makes it easy and secure. With the recent release of JoshGPT, it is becoming smarter than ever, and I cant wait to see what 2024 brings for this amazing platform. Check out these top 10 voice commands!

I trust you've all heard the news by now: H&M Home has officially made their retail debut at the Galleria, marking not only their first storefront in Texas 🤠 but indeed their first foray into the Southwest region as a whole. This, as many of you know, is a significant strategic move in business expansion. 📍 An eye-opening visualization is that for the first time, consumers in the Southwest won't have to rely on virtual tours or online catalogs to better understand and appreciate the nuances of H&M Home's offerings. They now have the opportunity to witness, touch, and experience the products in a physical store environment. Many will speculate what this could mean for H&M Home, but I recommend viewing this momentous entry into the Southwest as an indication of: - A solid vote of confidence in brick-and-mortar retail, showing that physical retail still has vitality. - Appreciation for tactile customer experiences: H&M Home’s decision also underscores the belief in consumers’ value for touch and feel experience in the homeware segment. I see this as not only a bold, high-stakes move but also a game-changer for regional competition: • Propelling Market Dynamics: H&M's physical presence will increase the positive dynamic in the retail industry, prompting all players to improve their game and creating positive ripple effects on the local economy. • Encouraging Competitive Edge: It will incite healthy competitive behavior among other retail firms - necessitating the need to stay innovative and customer-focused. As industry professionals, I believe we should keep a close eye on how H&M Home’s strategic move unfolds in the future. It will be fascinating to see how they leverage this opportunity to scale and navigate their way undoubtedly becoming an influential industry player in the Southwest. The bottom line here? Expanded consumer options, promising signs of retail resilience, and heightened industry competition are things I think we can all celebrate.👏👏 By aligning consumer reach with exceptional experience, entities such as H&M Home continue to steer the retail industry's evolution in interesting, progressive directions. It is ultimately a lesson in adaptability that everyone looking to succeed in today's business landscape should take to heart. It will indeed be interesting to watch what new milestones H&M Home achieves next in pursuit of retail dominance. Future unfolding predictions? Quite promising indeed! #retailstrategy #businessgrowth #southwestexpansion #HMHome #retailnews

🔔 Don’t Miss Out on Our Free Webinar! 🔔 Are you ready to elevate your skills and gain valuable insights? Join us for an exclusive free webinar on Design in Security 🚀 Featuring Neil Pennell, Head of Design Innovation & Property Solutions at Landsec, Pooja Karia, Director at Get Living, Samantha Carlsson, Sustainability Manager at Derwent London, Paula Balmori Beltrán, Global Director, Security Design and Systems Integration at Brivo and Natasha Awan, AEC Strategy Manager UKI EMEA at Brivo 📅 Date: 24th of July 2024 🕒 Time: 1:00 BST 🖥️ Platform: Zoom 📌 Register Now: https://lnkd.in/dQSxnzb2 What You’ll Learn: 🔹 Boost Property Attractiveness: Explore how modern amenities and security features can enhance the appeal of your properties. 🔹 Understand Leasing Trends: Gain insights into the evolution of leasing trends over the past three years and how they impact your strategy. 🔹 Harness Technology: Discover how technology is revolutionising space design and development to attract top tenants. 🔹 Tailor Offerings: Learn to customise your offerings based on location and tenant demographics. 🔹 Educate Tenants: Strategies to educate tenants about amenities and upgrades to maximise their usage. 🔹 Data Optimisation: Leverage data to create user-friendly experiences and optimise amenities. 🔹 Sustainability & Security: Integrate sustainable practices with top-notch security features. 🔹 Future-Proofing: Incorporate strategies to adapt workplace design to the changing work landscape. Why Attend? By joining this webinar, you'll gain actionable knowledge to make your properties more competitive. Learn to leverage the latest trends and innovations in design, technology, and data analytics to enhance tenant engagement and drive business growth. Don't miss out on this opportunity to stay ahead! #Webinar #PropertyLeasing #RealEstate #TenantEngagement #Sustainability #Innovation #Technology #BusinessGrowth #FutureOfWork #DesignAndSecurity

Unlock the Secrets of Melbourne's Rental Market with Data! 📊 Dive into the latest Power BI dashboard dissecting pricing trends across neighborhoods, room types, and availability. Explore the impact of bedroom and bathroom counts on price and uncover hotspots for hosts. This visualization sheds light on Melbourne’s property scene dynamics. Whether in real estate, data analysis, or just curious, this dashboard offers valuable insights that could transform your market perspective. Explore the data and witness trends unfold!

Are you aware of how well the businesses in your city centre are performing? With Beauclair Retail Spend insights, you can transform how you engage with your local businesses. Our comprehensive data solutions empower city planners, local authorities, and business owners to make informed decisions that drive growth and community wellbeing. 🌟 Gain actionable insights into retail performance trends 🌟 Enhance city planning with evidence-based data 🌟 Create a thriving business environment by understanding consumer behaviour Join a growing number of cities that are already leveraging data to create vibrant, successful urban spaces. Let’s build a better future for your city centre together! 📈 Discover more about how our Beauclair Retail Spend insights can benefit your community by following our social pages. #DataDrivenDecisions #UrbanDevelopment #CommunityGrowth ✨Diane Wehrle SFIPM

Migration patterns explain the resilience of SFR and BTR in the suburbs and softness in multifamily concentrated in urban cores.

The Covid pull forward shock to remodeling continues to fade... ...coinciding with growing deferrals for large discretionary remodeling projects: positive story for strong future remodeling demand ("when" and not "if" is the issue) . The remodeling share of consumer spending has been trending below the pre-Covid trend line for around four quarters now. The initial Covid shock to remodeling was substantial, with a 0.5 percentage point increase in the share of consumer wallet, primarily driven by more time spent at home and a wave of cash-out refinancing put towards significant remodeling projects. The remodeling cycle is at a crucial juncture, with significant differences across categories. At a category level, the exposure (or "beta" in our models) with the big-ticket discretionary remodeling market is a key differentiator. So, what are the implications for individual building product categories, and when will there be a rebound in remodeling activity? This month, we will dive deep into the forecast implications across the 18 building product categories in our Demand Meter with Home Innovation Research Labs. Stay tuned for the release of our flagship Building Products Analysis and Forecast report. Reach out to discuss. Elizabeth LaJeunesse Ian Kennedy Jeremy A. Ed Hudson #remodeling #housing #jbrec

💡 Check out our latest project, where we brought to light market dynamics, consumer behavior trends, and economic forecasts using engaging and interactive visualizations. 🗺 We're thrilled to have partnered with EAL to transform industry insights into a powerful visual narrative, leveraging the best of location intelligence. This project highlights how data visualization can illuminate trends and strategies in a way that's both insightful and engaging. ▶ https://lnkd.in/gJCZ5bQT #Datastory #LocationIntelligence #Esri #Storytelling #Storymaps

Great week at the Home Improvement Research Institute (HIRI) Insights Summit. Thank you to all the speakers, sponsors, and of course Pam Heidel, Dave King and Stephen Giles. - The Farnsworth Group shared insights on Contractor behaviors, the impacts of Homeowner budget constraints with indecision, and the challenges ahead for Pros to address labor and financial pressures. Loyalty will be key in this competitive market. - Eric Lynch, M.S., CBE, CSSGB from National Association of Home Builders shared some excellent macro economics leading to modest Single Family housing growth, and an ongoing challenging Multi-Family market. - Todd Tomalak shared some excellent comparisons to conditions in the 80s with today, and recent project deferrals that could result in YoY double digit growth for years ahead. Not to mention the impact a select group of brands might play. - We heard directly from Design/Build Contractors Bruce Case and David Pollard who shared their views on technology and made the plea to manufacturers and suppliers to make things easier. - Sara Gutterman from Green Builder Media, LLC shared insights on early adopters of sustainable and environmental categories that suggest the masses will be taking hold in the years ahead. - Liza Hausman from Houzz shared changes to remodel design trends. Goodbye "farmhouse" hello "dark and moody". - Abbe Will from Harvard Joint Center for Housing Studies did a wonderful job as always highlighting demographic characteristics for home improvement spend and opportunities, with an optimistic forecast as we reach mid-2025. - Elizabeth Parks share some knowledge on the smart home/tech space about the increasing complexity pros face as more household increase the number of connected devices within the home. Thanks to everyone that attended and for the invaluable discussions this week! Jennifer Castenson, Kent Panther, Clement Feng, Eric Whetstone, Rachel Maxson Kravitz, Terri Prisco, Nicole Rocheleau, MBA, Melanie Canning, Mark Bromiley, Craig Webb, Eric Voyer, Calvin Friedrich, Chris Igielinski, Rhem Wood #HIRISummit #homeimprovement #HIRI #Insights