2022 Au Houzz & Home Renovation Developments Study
Among home improvement retailers, Home Depot has traditionally been the popular destination for pro prospects. But Lowe’s has been taking steps extra lately to capture share among this cohort. Housing demand has been heightened this past year as evidenced by costs growing roughly 18% throughout the board. And based on Statista, the homeownership rate in the us last year reached sixty five.8%, the highest it has been since 2010 when it was sixty six.5%. Living in or close to massive cities also grew to become much less crucial, spurring a migration of many customers to the suburbs and past to provide themselves extra space. “People weren’t in a position to go to restaurants, people were not able to go to Europe or travel anywhere. People have been reticent to do that,” Horak advised Retail Dive.
Home improvement was popularized on television in …
