According to the Home Improvement Research Institute (HIRI), a 6% growth is expected in 2016 over 2015 in both consumer and professional markets. The industry as a whole was valued at $327 billion in 2015. While a macroeconomic prediction showed the market slowing down in 2017 and 2018, there is still an expected 3% growth from 2017 - 2020.

Below is data from an survey of over 1,200 US homeowners in 2015 on behalf of Lightstream. These trends have continued into 2016 and similar trends are expected in 2017 with an expected growth in solar energy installations.

The most popular projects are those that are most likely to increase the value of the home. Outdoor curb appeal accounts for 43% of projects. Kitchen and bathroom remodels continue to lead the market with a combined 55% of home improvement projects, and maintenance and repair follows close behind.

For Contractors, there is ever-growing opportunity, and for homeowners, there should be no shortage of help to get your dream projects off the ground. The disconnect comes in connecting the right contractors to the homeowners who need them.

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