Increasingly, homeowners are spending money on home improvement. According to the Angi Home Improvement Index, the average amount spent on home improvement projects is at an all time high. The increase in spending is due to several factors. It is estimated that the home improvement market will reach $510 billion by 2024.
The latest home improvement trends include the construction of decks, fences, and patios. It is also estimated that the home improvement business will grow at an average rate of 4% a year.
Home improvement stores can provide you with quality products and services for your remodeling project. Many of them also offer one-stop shops for all your house-related needs. They also sell affordable home improvement products.
The home improvement industry is one of the most lucrative markets in the country. Axiom, a Minneapolis marketing firm, conducted a survey and found that homeowners have a lot to look forward to in the year ahead. They asked consumers about their accomplishments and plans for future home improvement projects.
The survey found that Millennials are driving billions of dollars into the home improvement market. Nearly half of all consumers in the 18- to 55-year-old age bracket plan to do at least one home improvement project in 2021. And the majority of home owners plan to hire professionals for some of the work.
Axiom also found that the average home owner plans to spend more on their home improvement projects in 2021 than they did in 2019. The survey found that Millennials are more likely to have a home improvement project in their future than any other age group.