The passage discusses a study conducted by the Craft and Hobby Association in 2011 on the U.S. craft and hobby industry. The study found that the industry's net worth was approximately $29 billion, double the $14 billion reported in a previous 2001 study. Over half of U.S. households reported engaging in a craft activity at least once per year. When broken down, the top craft sector by consumer spending was found to be woodworking.