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Plumbing supplies sales estimated to reach $25 billion in 2005.(Home Improvement Research Institute of Tampa's openion)
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Reeves Journal
- Article date:
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August 1, 2005
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Copyright informationCOPYRIGHT 2005 BNP Media. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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The Home Improvement Research Institute of Tampa said Jun. 20 total home improvement product sales reached $271 billion during 2004, the highest on record since it began tracking this data in 1984. The Institute said spending on home improvement products increased 12.6 percent from 2003 levels, while total plumbing supplies sales to consumers were $23.5 billion--up about 16 percent--over the same period. HIRI forecasts about $25 billion in total plumbing supplies sales for 2005.
Driving the sales gains for 2004 were a strong housing market and unfortunately, natural disasters. HIRI said last year's hurricanes in Florida were estimated to have added a full percentage point ...
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