Although home improvement projects have dropped from the highs of the pandemic, the record low supply of homes coupled with high mortgage rates are likely to boost the demand for home improvement projects. Homeowners will likely undertake renovation and remodeling services rather than buying new homes.
Given this backdrop, it could be wise to add fundamentally strong home improvement stocks: Tile Shop Holdings, Inc. (TTSH), Lifetime Brands, Inc. (LCUT), and Steelcase Inc. (SCS) to one’s portfolio.
