
October’s Consumer Price Index (CPI) and Producer Price Index (PPI) rose lower than expected, indicating that inflation is finally cooling. This could bolster the discretionary expenses of households and businesses.
Moreover, the Inflation Reduction Act (IRA), signed into law in August, has enhanced provisions for home improvement projects. Homeowners can cut their tax bills even more if they install new energy-efficient windows, doors, water heaters, furnaces, air conditioners, etc. This might act as new incentives.