The Home Improvement Boom: How Financing Is Impacting The Industry

Seen an uptick in business lately? Not surprising — we’re in the midst of unprecedented growth in the home improvement industry. Between people spending more time at home as a result of the pandemic and greater access to equity spurred by soaring home values, a record-high number of homeowners are taking the renovation plunge. In 2021, home improvement in the United States hit a high of $538 billion* . This number is projected to hit over $620 billion by 2025, providing a remarkable growth opportunity for both you and your network.

(*Source: www.statista.com/statistics/239753/total-sales-of-home-improvement-retailers-in-the-us)