Home Improvement Industry

Paper Summary:

This discussion provides an exploration of the home improvement industry. It discusses industry characteristics and the types of products and services the firms in the industry offer. It also discuss the number of firms, including concentration ratio and the Herfindahl-Hirschman Index.

From the Paper:

"A major characteristic of this industry is the rapid growth that it has realized in the past ten years. The home improvement industry has quickly become a multi-billion dollar industry. This industry is characterized by warehouse stores that sell home building and home improvement products. The stores tend to be extremely big and divided into various sections including; gardening, kitchen and household appliances, paint, and home building materials. According to Multex Investor, Customers include contractors, building maintenance professionals, tradespersons and homeowners."

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