Millennials are driving the home improvement market, with the keyword1 to link for average millennial spending more than any other age group on projects. As more Millennials become homeowners and their incomes rise, they will account for billions of dollars in future projects. They represent the largest segment in the housing market. This is driving both industry growth and home equity. This article will focus on key trends in home improvements. These are the top ten most-popular projects that millennials have completed. In case you have almost any inquiries relating to where as well as the best way to employ deck contractors Toronto, it is possible to email us on our web page.
Among millennials, landscaping is the most popular home improvement project. Axiom’s survey found that forty percent of millennials expect to start a home improvement project by March. Twenty-four percent of those surveyed plan to start their project within the first two months in 2020. During this period, 85 percent of millennials will begin working on a new DIY project. The number of DIY-ers is highest among millennials (aged 19-55) and older people.
The popularity of home improvement has increased over the past decade, with nearly half of homeowners planning to do their first project in 2021. The market is rebounding, despite the fact that home improvement spending dropped to its lowest point during the last recession. This growth will be driven by do-it yourselfers over 55. This trend will likely continue as the market is experiencing …Read More →