Economic Trends
7 articles
Aging Homes Fuel Home Services Sector Growth
Nearly 79% of U.S. homeowners are planning a repair or replacement project in 2026, yet a significant portion, 77%, are simultaneously delaying these essential projects or reducing their scope due to
Home improvement slowdown: Retailers face headwinds
New residential construction plummeted 12.
Connecticut Plumbing Sees Boom, Experts Predict Growth
Plumbing applications in Connecticut surged by 64% from 2020 to 2025, signaling a quiet boom in the often-overlooked skilled trades.
Tax refunds fuel home renovation boom across the nation
In March alone, online searches for 'tax refund home projects' spiked 200% compared to January, according to CNBC .
Home Depot Report Shows Reduced Discretionary Spending on Major Projects
Home Depot's latest report reveals a significant shift in consumer spending, with homeowners pulling back on large-scale renovations. This trend reflects broader economic caution and impacts the entire home improvement sector.
Home Depot Report Shows Consumer Spending Decline on Major Projects
Home Depot's latest report indicates a notable decline in consumer spending on major home improvement projects, as homeowners prioritize essential repairs over large-scale renovations. This shift reflects broader economic uncertainty and impacts how you should approach your own home improvement plans.
Home Depot Reports Decline in Major Discretionary Purchases
Home Depot's latest report indicates a significant shift in consumer spending, with major discretionary purchases declining in favor of smaller, essential home repairs. This trend reflects broader economic caution among homeowners.