This month’s figures evidence a continuing slowdown in the home improvement market with sales down 9% in May on April, which recorded a drop of 13% on March. This means that over the three-month period average sales fell by 46%.
Compared year-for-year, May 2021 to May 2022, the drop is 25%, which seems to sit about right for what we’re hearing from retail customers.
Leads are similarly down by around 11% in May on April and 29% over the three-month period. Year-on-year, the drop is 24%.