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This question is about home improvement industry statistics.
Why is the home improvement industry growing?
The home improvement industry is growing in large part because of the COVID-19 pandemic. During the COVID-19 pandemic, people found themselves spending far more time at home than they usually would, which gave them the perfect opportunity to complete some home improvement projects.
Many also suddenly had the money they needed to do these projects thanks to deferred vacations, government stimulus checks, or even unexpected increases in home equity.
Even though not everyone had the cash to complete their dream renovations, many still completed necessary home repair projects or projects that would allow them to accommodate lifestyle or health changes caused by the pandemic.
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