The home improvement industry’s prospects look promising due to falling mortgage rates, the Federal Reserve’s indication of interest rate cuts, rising disposable incomes, growing work-from-home trends, emphasis on sustainability, smart home integration and the rising popularity of DIY projects.
Despite the promising prospects of the home improvement industry, only some stocks are expected to perform well. Hence, it could be wise to avoid LL Flooring Holdings, Inc. (LL), given its poor fundamentals and growth prospects. Meanwhile, investors should wait for a better entry point in Armstrong World Industries, Inc. (AWI).
