Key Highlights
- 46% of home improvement decision-makers are women
- Minority-owned businesses account for 20% of the home improvement sector
- 60% of consumers value diversity and inclusion when choosing a home improvement service
- 35% of home improvement companies have diversity and inclusion policies in place
- African Americans represent 13% of the home improvement industry workforce
- 42% of women report feeling underrepresented in the home improvement industry
- Homeowners of Hispanic descent are 1.5 times more likely to prioritize inclusivity when selecting service providers
- The number of minority contractors increased by 12% from 2019 to 2022
- 28% of home improvement companies have implemented diversity training programs
- 55% of consumers are more likely to trust brands that demonstrate inclusive practices
- Female-led home improvement businesses grew at a rate of 18% annually between 2018 and 2022
- Only 15% of leadership positions in the industry are held by women
- Asian Americans represent approximately 9% of the workforce in the home improvement industry
Here’s a one-sentence introduction for your blog post:
“With nearly half of home improvement decision-makers being women and consumers increasingly prioritizing diversity and inclusion, the industry is at a pivotal crossroads where embracing DEI is not just a moral imperative but a smart business strategy.”
Business Ownership and Growth Trends
- Minority-owned businesses account for 20% of the home improvement sector
- The number of minority contractors increased by 12% from 2019 to 2022
- Female-led home improvement businesses grew at a rate of 18% annually between 2018 and 2022
- 24% of home improvement businesses are owned by multicultural entrepreneurs
- 44% of minority-owned businesses reported challenges accessing capital
Business Ownership and Growth Trends Interpretation
Consumer Preferences and Trust
- 46% of home improvement decision-makers are women
- 60% of consumers value diversity and inclusion when choosing a home improvement service
- Homeowners of Hispanic descent are 1.5 times more likely to prioritize inclusivity when selecting service providers
- 55% of consumers are more likely to trust brands that demonstrate inclusive practices
- 52% of consumers would prefer to hire providers with diverse teams
- 80% of millennials consider diversity and inclusion as a key factor in choosing a home improvement service
- 38% of consumers rank the presence of diverse staff as very important when evaluating home service providers
- Only 9% of home improvement marketing campaigns address cultural diversity
- 70% of home improvement brands that actively promote inclusion see increased customer loyalty
- 46% of industry leaders believe that cultural competency is essential for client satisfaction
- 53% of consumers with diverse backgrounds prefer contractors with inclusive hiring practices
- 41% of minority homeowners report difficulty finding contractors that reflect their cultural background
- 43% of consumers are more likely to recommend brands that demonstrate inclusive values
Consumer Preferences and Trust Interpretation
Diversity and Inclusion Metrics
- 42% of women report feeling underrepresented in the home improvement industry
- 47% of LGBTQ+ consumers prefer brands that actively promote inclusion
- Only 8% of marketing campaigns in the home improvement industry specifically target diverse groups
- 54% of consumers agree that companies should openly commit to diversity and inclusion
- 33% of industry employees from minority backgrounds have experienced discrimination at work
- Businesses with diverse leadership are 35% more likely to outperform competitors
- The percentage of home improvement contractors recognizing the importance of racial diversity increased from 23% to 43% over five years
- Inclusion training programs led to a 15% increase in employee retention in some home improvement firms
- 65% of industry executives agree that improving DEI will lead to better business outcomes
- 58% of women in construction report experiencing gender bias
- 15% of industry apprenticeships are targeted toward women and minorities
- 50% of minority contract workers earn less than $20/hour
- 48% of women in the industry report feeling their career growth is hindered by lack of inclusion
- 37% of industry employees believe that increasing diversity will boost innovation
- 19% of minority workers have experienced wage disparity compared to non-minority colleagues
- 29% of industry conferences now feature sessions dedicated to diversity and inclusion
- 66% of industry respondents believe that a diverse workforce is essential for future growth
- 24% of home improvement industry marketing materials feature diverse groups
Diversity and Inclusion Metrics Interpretation
Industry Challenges and Training Initiatives
- 73% of women in the industry report facing unique challenges, including lack of representation and mentorship
- 40% of home improvement companies identified lack of diversity as a barrier to growth
Industry Challenges and Training Initiatives Interpretation
Workforce Representation and Leadership
- 35% of home improvement companies have diversity and inclusion policies in place
- African Americans represent 13% of the home improvement industry workforce
- 28% of home improvement companies have implemented diversity training programs
- Only 15% of leadership positions in the industry are held by women
- Asian Americans represent approximately 9% of the workforce in the home improvement industry
- 27% of women in the industry believe their voices are not heard at decision-making levels
- 21% of home improvement industry workers identify as LGBTQ+
- 32% of home improvement technicians are from minority backgrounds
- 55% of companies have set DEI goals for the next five years
- 29% of the industry’s workforce is under 30 years old, indicating a young diverse demographic
- 60% of home improvement businesses have initiated at least one DEI-related initiative in the past year
- 22% of women in the industry hold managerial positions
- 34% of home improvement companies have diversity and inclusion as part of their core values
- 54% of small home improvement firms have a designated DEI officer or team
Workforce Representation and Leadership Interpretation
Sources & References
- Reference 1ARCHITECHNICALResearch Publication(2024)Visit source
- Reference 2STATISTAResearch Publication(2024)Visit source
- Reference 3HOMEIMPROVEMENTMAGResearch Publication(2024)Visit source
- Reference 4BIZJOURNALSResearch Publication(2024)Visit source
- Reference 5NAHBResearch Publication(2024)Visit source
- Reference 6WOMENINCONSTRUCTIONResearch Publication(2024)Visit source
- Reference 7CONSUMERREPORTSResearch Publication(2024)Visit source
- Reference 8CONSTRUCTIONDIVEResearch Publication(2024)Visit source
- Reference 9IHINETWORKResearch Publication(2024)Visit source
- Reference 10FORBESResearch Publication(2024)Visit source
- Reference 11AMERICANEXPRESSResearch Publication(2024)Visit source
- Reference 12BISNOWResearch Publication(2024)Visit source
- Reference 13NAPSAResearch Publication(2024)Visit source
- Reference 14ADWEEKResearch Publication(2024)Visit source
- Reference 15CENSUSResearch Publication(2024)Visit source
- Reference 16MARKETINGDIVEResearch Publication(2024)Visit source
- Reference 17PWCResearch Publication(2024)Visit source
- Reference 18EEOCResearch Publication(2024)Visit source
- Reference 19NAWICResearch Publication(2024)Visit source
- Reference 20CONSTRUCTIONBUSINESSOWNERResearch Publication(2024)Visit source
- Reference 21CONSUMER-WORLDResearch Publication(2024)Visit source
- Reference 22HBRResearch Publication(2024)Visit source
- Reference 23MILLENNIALMARKETWATCHResearch Publication(2024)Visit source
- Reference 24SBAResearch Publication(2024)Visit source
- Reference 25INCResearch Publication(2024)Visit source
- Reference 26HOMEADVISORResearch Publication(2024)Visit source
- Reference 27GAYINDUSTRYResearch Publication(2024)Visit source
- Reference 28MCKINSEYResearch Publication(2024)Visit source
- Reference 29FWResearch Publication(2024)Visit source
- Reference 30CONSTRUCTIONCAREERSResearch Publication(2024)Visit source
- Reference 31BLSResearch Publication(2024)Visit source
- Reference 32NSFResearch Publication(2024)Visit source
- Reference 33BLOOMBERGResearch Publication(2024)Visit source
- Reference 34URBANINSTITUTEResearch Publication(2024)Visit source
- Reference 35GPResearch Publication(2024)Visit source
- Reference 36CONSTRUCTIONEXECResearch Publication(2024)Visit source