Certain home improvement segments burgeon [Video]
Posted on Wednesday, July 13, 2016 at 6:41:49 PM
It should come as no surprise that the home improvement market is growing so quickly, as so many owners have been using some of the extra pocket cash from lower gasoline prices and stronger employment prospects to complete special projects. One of the areas that appears to be having the best showing around is wall decor.
Technavio recently reported that the wall decor market is going to expand at a compound annual growth rate of more than 8 percent between 2016 and the end of the decade thanks to several powerful trends that have taken shape in recent years.
"The prospects of the housing industry in the US look positive, with the growth of the real estate industry," Technavio Lead Analyst for Retail Goods and Services Brijesh Choubey explained. "This is due primarily to increasing disposable income, growing GDP, and the improving employment scenario."
Homeowners who are looking to change up their wall decor and tackle other improvement projects should consider applying for financing with a local, community bank, as these institutions tend to be better-positioned to serve individuals in the area.