Expectations of falling mortgage rates, the rise in existing home sales in November, and the Fed’s expected interest rate cuts this year are expected to boost demand for home improvement companies. However, home prices remain elevated, and the unavailability of homes means homeowners are likely to opt for remodeling and renovation services, benefiting home improvement companies.
Amid this backdrop, investors could consider buying fundamentally strong home improvement companies La-Z-Boy Incorporated (LZB), Hooker Furnishings Corporation (HOFT), and Hamilton Beach Brands Holding Company (HBB) for potential new year gains.
