Are renovations slowing down in the home improvement market? What are the reasons for this slowdown? Will the renovation market recover in the near future? Is any renovation work still happening despite the downturn?
Yes, renovations are slowing down due to rising interest rates, inflation, and economic uncertainty. Homeowners are cautious with spending. However, essential repairs and upgrades for energy efficiency remain in demand. The market may recover as conditions stabilize, but it’s unpredictable. Still, some projects continue!
Yes, renovations slowing; rising costs, interest rates impact.