Here’s what homeowners are planning
New research from the Home Improvement Research Institute shows that nearly 2-in-3 homeowners are planning at least one home improvement project in the next three months.
No real surprise there — the number has fluctuated slightly in the past three years, but not to a degree considered statistically significant.
But there has been some statistically significant movement on the list of first-quarter projects planned, when compared with the previous year’s list.
Leading the gainers was “Plumbing/electrical,” which jumped nearly 4 percentage points from 6.2% to 10.0%. Among decliners, the biggest drop was suffered by the “Living room,” which declined from 17.3% in the first quarter last year, to 11.7% in the recent first quarter.
Overall, according to HIRI’s first-quarter survey, attitudes toward home and home improvement continue to be positive, particularly among the “heavy project planners.”
The study defines these homeowners as those planning to start six or more home improvement projects in the next three months. They make up 17% of the U.S. home improvement market.
These heavy project planners tend to be male, typically under the age of 40, married and college-educated, with an annual income of $75,000 or more and young kids in the house.
For more information, visit HIRI.org.
Accolades for Comfort Zone Propane Heater and Stove
Distribution America and PRO Group had some nice words for the new Comfort Zone Propane Heater and Stove at the 2016 Executive Planning Conference, held Nov. 17-19, 2015.
The heater and stove was named "best new product" in the housewares and seasonal category thanks to selections from distributor attendees.
“The Comfort Zone 2-in-1 Propane Heater and Stove is a unique, multi-seasonal product that has a broad appeal to everyone from die-hard football tailgaters to campers looking for a powerful yet compact cooking essential,” said Barry Jacobs, senior director, Home Environment. “It’s an item that has wide consumer application, a beneficial price point and can be featured in any season and for many activities, such as camping, hurricane preparedness, kids sporting events, ice fishing, holiday gift-giving, hunting, football tailgating and more.”
The Comfort Zone 2-in-1 Propane Heater and Stove is designed for outdoor heating and cooking. This multi-functional portable heater can direct 6,500 BTUs sideways to heat or upwards to its built-in cast iron cooktop.
“We submit new items every year for the purpose of expanding our presence within the wholesale hardware industry," said Robert Fischer, VP sales Wholesale Hardware, World and Main, LLC. "The Executive Planning Conference encourages innovation and new product launches with its participating wholesale hardware distributors. We are excited that the members voted our combination heater and stove as their choice for the best new item this year in the housewares category."
Toll Brothers elects a new director
Toll Brothers, Inc. has elected John McLean, CEO of Hartford Funds Distributors, to its board of directors.
"We are very excited to welcome Jac McLean to the Toll Brothers board of directors," said Toll Brothers president and CEO Douglas Yearley. "His proven leadership abilities and unique marketing expertise will add significant value to Toll Brothers' knowledge as we continue to build our brand and capitalize on great opportunities in our sector."
McLean has been serving as the CEO and distribution principal since 2013 for Hartford Funds Distributors, a subsidiary of Hartford Funds, which is a leading provider of mutual funds and 529 college savings plans with mutual fund assets under management of over $70 billion.
McLean also serves on the board of trustees of Gateway to Leadership, a non-profit organization focused on building workplace diversity by creating opportunities for underrepresented groups across the financial services industry.
Robert Toll, executive chairman, stated: "We are very pleased that Jac McLean will be joining the Toll Brothers board of directors. He brings a tremendous background in building and leading high performance sales and marketing organizations with specific focus on the financial sector. We look forward to benefiting from Jac's contributions and insights."