B
Evidence Grade B
Graded
accuracy verified by the review judge
Safe to Cite
Dated
15.1%
15.1% -- residential renovation maintenance spending growth rate for US home improvement market (Q1 2023)
Residential renovation and maintenance spending will continue to grow at 15.1% in the first quarter of 2023 according to the LIRA report.
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Lighthouse Research Team
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Source verified
Evidence graded
Value
15.1%
Unit
Percentage
Data Vintage
Q1 2023
Entity
Geography
US
Evidence Quality
B
Strong, reliable evidence
Sourced from a well-regarded research firm or industry leader with transparent methodology and a reasonably large sample.
Single source - not yet corroborated
Score breakdown
Extraction
50
Source Trust
60
Citation Chain
60
Independence
30
Methodology
45
Freshness
95
Source
Joint Center for Housing Studies at Harvard University
Primary
Tier C
https://www.homefranchiseconcepts.com/blog/home-improvement-market/ ↗
Source Article
Why the Home Improvement Market Is Profitable | Home Franchise Concepts
April 10th, 2023 | Home Services Industry
There’s no place like home. A man’s home is his castle. Home is where the heart is. Make yourself at home. There’s a reason there are so many well-known expressions containing the word ‘home.’ Our homes are more than just shelter, they are places of comfort …
Original Research
Joint Center for Housing Studies at Harvard University
· Original study ↗
Methodology
Cited from LIRA report by Joint Center for Housing Studies at Harvard University
Methodology documented
Segmentation
IndustryRetail
RegionUS
Channelcontent
Cite this stat
Plain Text
US home improvement market: 15.1% residential renovation maintenance spending growth rate. Source: Joint Center for Housing Studies at Harvard University (Q1 2023). Via Lighthouse Intelligence -- https://lighthousedata.io/data/home-renovation-spending-growth-q1-2023
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<blockquote cite="https://lighthousedata.io/data/home-renovation-spending-growth-q1-2023" style="border-left:3px solid #2563eb;padding:12px 16px;margin:16px 0;font-family:system-ui,sans-serif;background:#f0f4ff;"><strong>15.1%</strong> -- residential renovation maintenance spending growth rate for US home improvement market<br><small>Source: Joint Center for Housing Studies at Harvard University (Q1 2023) · <a href="https://lighthousedata.io/data/home-renovation-spending-growth-q1-2023" target="_blank" rel="noopener">Lighthouse Intelligence</a></small></blockquote>
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