The Economic & Industry Update is a monthly report that consolidates general economic data, housing market trends, and home improvement market insights, primarily using publicly available information for the convenience of its members. Its main objectives include identifying and evaluating key economic indicators to assess their impact on the home improvement sector, analyzing housing market trends to understand their influence on the demand for building products, and investigating shifts in consumer behavior and spending patterns related to home improvement and renovation projects.
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Remodeling Spending to Tick Up Through Mid-Year 2025
Homeowner spending on improvements and repairs is projected to stabilize and gradually increase through mid-2025, with...