The rising demand for customization, accelerated urbanization, and the widespread popularity of advanced smart home technologies are boosting the home improvement market. Given the industry’s rosy prospects, investors could look into fundamentally strong home improvement stocks, MillerKnoll, Inc. (MLKN), Steelcase Inc. (SCS), and Lifetime Brands, Inc. (LCUT), for weekly gains.
The home improvement market is estimated to grow at a CAGR of 4.3% until 2027. Shifting homeowners' preferences for energy-efficient and luxurious living spaces is significantly contributing to the industry expansion. Rapid urbanization, along with government incentives & tax credits for green building construction, has stimulated market growth.
