The home improvement industry’s prospects look steady, thanks to increasing urbanization and robust consumer spending. However, while I think quality home improvement stocks Tile Shop Holdings, Inc. (TTSH), Flexsteel Industries, Inc. (FLXS) might be solid investments now, Purple Innovation, Inc. (PRPL) might be best avoided, given its weak fundamentals.
The global home improvement market is expected to grow at a 6.4% CAGR to $514.90 billion by 2028. Rising disposable income, urbanization, and changing tastes drive the global home improvement market. Moreover, younger consumers seeking attractive and smart home upgrades are boosting growth.
