Over the coming week, Principia will be publishing a series of infographics highlighting different macroeconomic indicators from 2020 relevant to the construction industry. Part 1 features a few data points about retail sales at building material and garden equipment stores in the United States.
Building material and garden equipment dealers—a market that includes big box stores like The Home Depot, Lowe’s, Menards—reported increased sales in May 2020 compared to May 2019. This indicates that DIY repair and remodel projects never stopped—and in fact, may have accelerated as homeowners used their time at home during the pandemic to work on home improvement projects.
The next infographic in the series will focus on U.S. residential building put-in-place spending in 2020.
Principia conducts a wide range of secondary research including macroeconomic data, such as home sales, put-in-place spending, and new residential construction starts. Principia updates macroeconomic data regularly and publishes the data for subscribers in an online, interactive dashboard format. Contact us today to learn more.