Industry Updates & Trends
Not only do we create plenty of our own original content - we curate some too from time to time. There are many beneficial news articles and industry updates that are made available via other sources that we regularly share on our social channels as well as within our newsletters. This week we wanted to share first-hand some of the current trends that are occurring within the construction and home improvement spaces. Continue reading for some great key trends of importance.
While slowing, the home improvement industry is still growing at a steady pace, with further deceleration anticipated over the coming year.
Global construction is anticipated to grow over the upcoming year, similarly in capacity to 2021 and in contrast to the retraction in 2020.
Economic inflation (and the fear thereof) will continue to play a role in the stability of both the construction and home improvement industries for the foreseeable future.
Consumers are anticipated to be spending less on home improvement items over the next year, given how many individuals completed their ‘COVID-19 Projects’ as of lately.
Housing affordability is anticipated to decline over the next year, with an anticipated rebound in 2024.
What sorts of trends would you like to read more about heading into the new year? Let us know on social media by tagging us or DMing us.
Also, feel free to share your amazing SCREENEZE projects with us!
