These are the levels of industry for the home improvement industry. The first range is the lowest, the second range is the highest. The industry low and industry high are the two most popular ranges of home improvement industry value.
I would argue that there are a couple of big differences between the two industry values. The industry high is the most inflated and the industry low the most realistic. The industry-high value is the highest of the two, so I would agree that the industry-low value is lower than the industry-high value. But I would say that it’s in the middle of the two and somewhere in the middle of the two values.
The industry-high value is the most inflated because these values are all based on the home that you are working on. If you are buying a new home then the industry-high value is likely to be the highest value. If you are in the middle of a renovation then the industry-low value is probably the highest value. But if you are in the middle of a renovation then the industry-high value will be somewhere in the middle of the two.
This is a good example of how industry-low and industry-high values are different. Industry-low value is a low number with a very high standard deviation. For example, in the year 2014, the industry-low value for the most expensive home in the US was $1.4 million. So there was a 99.9% chance that that home was worth $1.4 million. However, there was a 0.1% chance that the home was worth $1.
The industry-high value is by industry-high and just the mean. So the industry-high value will be somewhere in the middle of the two. If you are reviewing the industry-low values, then the industry-high will be somewhere in the middle of the two.
The industry-low value is based on the average value for a property in the same year. So the industry-low value for the most expensive home in the US in 2014 was 1.4 million. However, the value of our most expensive home in 2014 was less than 1 million. The industry-high value for the most expensive home in the US in 2014 was 1.5 million. So the industry-high value will be somewhere in the middle of the two.
The industry-high value is based on the average value for a property in the same year. So the industry-high value for the most expensive home in the US in 2014 was 1.5 million. However, the value of our most expensive home in 2014 was less than 1 million. The industry-low value for the most expensive home in the US in 2014 was 1.4 million. So the industry-low value will be somewhere in the middle of the two.
1.5 million is, in fact, the industry-high value. It means that 1.5 million homes in 2014 will cost a lot more than the industry-high value, but the value of the homes will be less than the industry-high value.
This is a little bit like the difference between an industry-low and an industry-high, but if you are looking at the entire US housing market, it’s a little less stark because there are a lot more homes than there are people, but it’s still a huge difference.
In a world where the average price per square foot was $1,900 in 2014, $1,500 in 2015, and $1,100 in 2016, the difference between the industry-low and industry-high values is about $250 million dollars. That’s still a lot of difference, but given the massive amount of homes in the industry, it is a fraction of a percent.
