December’s Consumer Price Index (CPI) and Producer Price Index (PPI) numbers indicate that inflation is finally cooling. This could bolster the discretionary expenses of households and businesses, which should benefit the home improvement industry.
Moreover, rapid urbanization and increasing disposable income are major factors driving the growth of the home improvement industry. The industry is projected to reach $514.90 billion by 2028, growing at a CAGR of 6.4%.
