Home Improvement Cooling Off in ’23
2023-02-03
After several years of double-digit growth, the home improvement sector will cool in 2023 on recessionary concerns and a slow housing market.
After several years of double-digit growth, the home improvement sector will cool in 2023 on recessionary concerns and a slow housing market.
Home Improvement expenditure growth to peak in Q3 of this year at 19.6%, and then decelerate to a 15.1% growth rate in Q1 2023.
A renewed focus on the home during the pandemic has provided a prolonged resurgence in home improvement goods and services.
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