Decrease in home-improvement sales counters inflation costs | News
The high volume of home renovations undertaken during the pandemic may finally have peaked, as Home Depot announced 2023 sales may decline as much as 7% to 13% – its first drop in sales in nearly 15 years.
This dip, paired with the findings of a recent study on home improvement investments across America, indicates that folks on the East Coast, in particular, are stepping back from renovations in hopes of keeping more cash liquid during this inflation era.
A new study conducted by Contractor Growth Network assesses state home improvement spending between December 2021 and December 2022. Its findings…