Total sales of home improvement in the U.S. 2008-2023

In 2019, total home improvement sales in the United States amounted to some 400 billion U.S. dollars. By 2023, this amount is expected to reach over 450 billion U.S. dollars.

Home improvement chains

With sales exceeding the 100 billion U.S. dollar mark, The Home Depot was the leading home improvement chain in the United States in 2018. Other large chains in the industry included Lowe’s (Home Depot’s main competitor), Tractor Supply, and 84 Lumber that year. In terms of customer satisfaction in 2019, however, The Home Depot ranked fifth, while Ace Hardware and True Value stood in joint first place.

The Home Depot

Home Depot is the largest home improvement retail store in the United States. The company was founded in Atlanta, Georgia in 1978. When visiting one of their stores, consumers would typically spend an average of 65 U.S. dollars in 2018. Lowe’s customers, on the other hand, spent about 75 U.S. dollars per visit.

Total sales of home improvement in the United States from 2008 to 2023

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Source

Release date

December 2019

Region

United States

Survey time period

2008 to 2019

Supplementary notes

* Estimate.
Revised downward. Figures prior to 2018 were taken from previous editions of the publication.
Total sales figures are derived from a formula that incorporates information from NRHA's Annual Cost of Doing Business Study, direct retailer research, the U.S. Department of Commerce NAICS 444 sales reports and information from other research outlets.
Industry estimates consider sales from all retailers whose primary business is selling home improvement products. Estimates include sales through the industry's hardware stores, home centers, big-box outlets and retail lumberyards.

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Statistics on "Home improvement retail industry in the U.S."

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