Key Points
Home improvement sales are at an all-time high due to the Coronavirus pandemic.
90% of Americans are staying home and focusing on their homes, fueling a boom in wholesale hardware sales.
Continued growth is expected in the home improvement industry, thanks to permanent changes in consumer behavior.
A new poll found that 90% of Americans have been staying home to prevent the spread of the Coronavirus. Ever since the Covid-19 pandemic hit, consumers have not only been staying home, but they’re spending more money on improving their space. Seeking Alpha, a stock market prediction site, projects that the rise in home improvement spending in 2020 is at least 8.7%, with even stronger expectations for 2021.