The home remodeling market is booming this year, fueled by the desire to transform starter homes into long-term investments, accommodate multi-generational living, and prioritize age-friendly and health-related upgrades. Thus, investors could consider investing in soaring home improvement stocks Lowe's Companies, Inc. (LOW), ADT Inc. (ADT), and JELD-WEN Holding, Inc. (JELD).
The U.S. Personal income rose by $60 billion (0.3% monthly increase), with disposable personal income (income after taxes) increasing by $51.80 billion (0.3%) in December 2023. Additionally, personal consumption expenditures (spending) increased by $133.90 billion (0.7%) in the same month.
