Home improvement stocks fared strongly last year, thanks to the pandemic that gave a boost to home buying and home-improvement activities. Halfway through 2021, home improvement players are still seeing rise in demand. Despite the ease on pandemic restrictions and rising outdoor movement, Americans continue to incline toward home renovation and maintenance projects. The prolonged indoor stint this past year made people realize the importance of homes. Industry experts opine that consumers’ discretionary spending on home are likely to continue as interests of keeping houses well maintained are here to stay, even post pandemic.
Home improvement products retailers have been gaining from consumers’ investments in making homes an enjoyable and comfortable place. Revamping interiors to facilitate continued work-from-home and remote schooling needs is a major trend. Do-it-yourself (DIY) projects for remodeling, decorating as well as maintenance of furniture and fixtures have been gaining popularity. Companies in the home improvements products space have been witnessing higher demand…
