The American Hardware Manufacturers Association's AHMA Home Improvement Industry Confidence Index’s Current Situation Index improved in December to 291.7 from 208.3 in November (October 2008 = 100), while the Future Expectations Index declined slightly to 224.1 from 256.9 a month earlier.
In comparing current sales levels to year-ago levels, 70% of respondents said sales were higher in December versus year-ago levels, up from 50% in November. For December, 17% reported sales were even, and 13% said sales were below year-ago levels.
Looking forward six months, 57% of December respondents said they expect sales to be above current levels, down from 69% in November. In December, 43% of respondents said they expect sales to be even in six months and zero percent expect sales to be below current levels.
Looking forward one year, 73% of respondents project sales will be higher, down from 80% who felt that way in Novem